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Risks affiliated with quitclaim deed or assignment

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sstoerzi Joined: 02 Sep 2008 Posts: 1 1.29 Dollars($)	Posted: Tue Sep 02, 2008 1:37 pm    Post subject: Risks affiliated with quitclaim deed or assignment Like 0 Dislike 0 ---------------------------------------------------------------------- ---------- I am possibly going to quitclaim deed my property to a company who can help me walk away from my investment properties. They state that they can help stop the foreclosure. What type of tax implications and other risks do I face when I assign or quitclaim deed my mortgage to them?
sweeney Community Expert Joined: 20 Jul 2008 Posts: 131 25.11 Dollars($)	Posted: Tue Sep 02, 2008 6:20 pm    Post subject: Like 0 Dislike 0 Say what??!! They want you to give ownership to them while you remain liable on the debt so they can "help" you. It's a scam. Run away from it. _________________ Mike Sweeney LionSaves.com - refinance debt views expressed on this forum are my opinion as a mortgage professional, not legal advice

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