Posted on: 15th Aug, 2009 04:21 pm
I am retired, 82 years old. I bought the house with my daughter. How can I quit claim? Is it possible ot quit claim when she does not have enough income to buy me out?
ireneebe
welcoem to the forum
you cna absolutely do quite claim deed to yoru daughter, even though she does nto haev enough incoem to pay the mortgage. this does not releve you from the mortgage payment. you will be still responsible for makign poayments. if you want her to own the mortgage, she needs to refinance after you quit claim
check this link. this has all the information about quit claim deed.
http://www.mortgagefit.com/search/quitclaim-deed.html
good luck and feel free to ask
welcoem to the forum
you cna absolutely do quite claim deed to yoru daughter, even though she does nto haev enough incoem to pay the mortgage. this does not releve you from the mortgage payment. you will be still responsible for makign poayments. if you want her to own the mortgage, she needs to refinance after you quit claim
check this link. this has all the information about quit claim deed.
http://www.mortgagefit.com/search/quitclaim-deed.html
good luck and feel free to ask