I am not sure what the question is, 400 Prospect is not currently listed and was last sold in August 2012 and sold for $273K . It had a deposit on it within 12 days. I have a willing, able and anxious client interested in the area if it will be listed.... more
It will go on your credit whether you do a quit-claim or not. If you quit claim you will only lose any control you had on the property.
You may try to short sell the property or perhaps seek some alternative workout to avoid the foreclosure and a possible deficiency judgement. Call an attorney for your legal options.... more