Posted by Ronald * Starr(in No CA) on June 30, 2003 at 01:07:07:
One does not just deed a property to somebody. The person must, at least by CA law, accept the deed. If the person does not accept the deed, you have not deeded it to that person and are still the owner, thus responsible for any obligations secured by the property.
Real estate investing is for real. There are actions. There are laws covering most of the actions and the situations. There are real consequences that occur to people because of the choices and actions that they take. That is part of why I recommend to beginners that they plan to study up on real estate for six to eighteen months before they start making offers on properties. If you don’t know what you are doing, it is very easy to get into trouble.
Good Investing*Ron Starr