Posted on: 26th Jul, 2009 07:02 am
I own a property that is free and clear, I purchased it for cash. Can I quitclaim it to a friend for a personal debt repayment purpose?
you can transfer rights by signing quit claim deed.
anyone can be a grantee on a quit claim deed - there is no stipulation that the person be a family member.
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Welcoem to the forum
You can absoutley quit claim deed your property to any one you like. There is no restrictions.
Just to remind, if you have a loan on the house you are still liable to make the payments on the loan.
Good luck and feel free to ask
Welcoem to the forum
You can absoutley quit claim deed your property to any one you like. There is no restrictions.
Just to remind, if you have a loan on the house you are still liable to make the payments on the loan.
Good luck and feel free to ask