Taking title by quitclaim deed not recommended
Risks, upfront costs can outweigh benefits
Seller questions duties in property upkeep
Owners shouldn't assume walking away is best
Rate negotiable, but can be as high as 10%
Back out of deal, face paying buyer compensation
But will 'deficiency judgment' rain on parade?
Complaints mount as access to common area is denied
Lose high interest rates, gain better tax deductions
Mother, son want to avoid taxes, closing costs
Is borrower required to pay?
Weighing benefits of selling vs. renting
MLS data conflicts with appraiser's measurements
Lowered asking price already cuts compensation
Despite benefits, low down payment doesn't justify risks