What If A Property Is Paid In Full With Cash

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  It is possible to obtain a home loan despite being paid only in cash. Reporting this cash income on tax returns will be sufficient evidence for the lender as proof of income; however, some lenders will require a higher credit score and offer ...

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• Can One Quit-Claim Deed The Property After Foreclosure Proceedings

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  Yes, the transfer can still occur via a Quitclaim Deed (sells home as-is). An unpaid mortgage clouds title, but can still be transferred into a trust; however, the loan must be repaid in full to sell the property to any entity who requires financing ...