OfflineWould I have issue getting financing through a bank if all I have on a property is a quitclaim deed? I purchased the property from a wholesaler and this is the only form of deed they have. Will this be a problem when I refinance?
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Quit Claim Deed
Posted on: Wed, 09/29/2010 - 20:33
i would be careful with that. it's the lowest form of a deed there is. now is the time to start asking the banks. i wouldn't give them a bunch of information about it, just ask about the Q/C deed. you might also check with an attorney or title company.
Linda, Army EOD Mom
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What should I ask the banks about in particular? You think I will have a hard time getting financing because of it? How would the bank even know I have a QCD if I'm just refinancing?
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i would ask if they will do a title search on a refi. if so, will they accept a QCD?
Linda, Army EOD Mom
you can follow my journal at http://www.deangraziosi.com/real-estate-forums/investing-journals/45351/...
IT'S ALL GOOD AND EVERYTHING IS WORKING OUT PERFECTLY FOR ME!
Fear equals:
False
Evidence
Appearing
Real