There was an agreement made, deed and paperwork prepared but never filed, the buyer has not kept up with the payments on the mortgage, insurance, taxes, etc. My parents wish to quit claim the property to me now because it is a financial burden on them and I can pay off the mortgage and clear up all other financial obligations. Can they deed it to me?
It is not clear to me who the lender is in this situation - your parents or a bank or other lending institution. You would do best to speak with a real estate attorney, presenting him or her with all of the paperwork involved, to get an appropriate answer.
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