Legal Question in Real Estate Law in Georgia

My husband and I have found a foreclosure which we want to purchase as an investment & rehab it. We would be paying cash if our offer is accepted. It's currently owned by Mortgage Asset Recovery Inc in CA & they purchased it in a tax sale for $1. Is a closing required if it's sold to us via a Quit claim deed? We live in GA. Should we obtain the services of a real estate attorney or just file the deed at the courthouse?


Asked on 12/18/13, 3:31 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

It would be EXTREMELY foolish to buy it with a quitclaim deed. Don't! You want a warranty deed. You also want a title search. And you want your own lawyer to review the papers. Not doing that will almost certainly be a legal and financial disaster, You are walking into a minefield barefoot and blindfolded.

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Answered on 12/18/13, 4:36 pm


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