Many homeowners today are faced with financial challenges that are causing serious stress for them and for their family. In many cases when people are stressed to the limit they lack the ability to think clearly and make logical decisions. Now consider that the media continues to hype a mortgage melt down and they are continually talking about rising foreclosure numbers throughout America. Many property owners don't know which way to turn and they are finding themselves in real trouble. Some of these folks are scared and they just want their home out of their name.
Some real estate investors are doing extensive research and they are locating homeowners who are faced with financial challenges. Some of these investors will offer to bring your mortgage current and essentially get your caught up in exchange for you deeding your home over to them. Generally there is a written agreement between you and the investor but understand your mortgage is still in your name and you are still responsible for the payments. If the investor doesn't make the mortgage payments or if they can't sell the home they could easily walk away from the deal entirely and you are on the hook for the loan. The kicker is that you no longer have legal ownership in the home but you are still legally obligated to the loan.
The bottom line is that involving yourself in a deal like this with an investor will very likely land you in more trouble than you were in previously. Understand that by deeding your home to an investor this only adds to your complications. Before you sign any papers when working with an investor who wants the deed to your home you should contact a reputable real estate professional and or a real estate attorney and explore your options BEFORE you sign away your home.