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  1. #1
    Join Date
    Aug 2007
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    5

    Exclamation Foreclosure, Quit Claim, and Refinancing in New Jersey

    Is it possible to quit claim a property once approved for a short sale deal, and then the new owner refinance the property right away to pay the short amount to the Sellers' original Mortgage company (in New Jersey)?

  2. #2
    Join Date
    Sep 2005
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    98,846

    Default Re: Foreclosure, Quit Claim, and Refinancing in New Jersey

    How would you achieve that without the cooperation of the original mortgage lender?

  3. #3
    Join Date
    Aug 2007
    Posts
    5

    Default Re: Foreclosure, Quit Claim, and Refinancing in New Jersey

    My thoughts were that if the original mortgage company agrees to the short sale amount than where the money comes from should not be the issue. There is not a lot of time working for this particular case. 1st they would send over short sale package to original mortgage company; Once approved, they would quitclaim deed over to buyer; then buyer would refinance and pay the original mortgage company; the new buyer would then move in home. Has this ever been done?

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