Posted by JHall on March 07, 2002 at 13:46:39:
I am working a deal on a pre-forclosure. I was going to lock the deal in with a Quit Claim Deed. However, after a conversation with my attorney, his advice is not to use the deed because my corp could end up being named as a defendent in the forclosure. It doesn’t make sense to me since I did not sign for the loan. If this is accurate for Oregon what method would you use to control the property while due diligence is completed?