Posted on: 11th May, 2010 08:54 pm
my late mother left the house in which i am now staying to her four daughters. one of my sisters stated that she would co-sign a student loan in exchange for my signing over my portion of the estate to her as security (since my mother's house is worth less than $30k and would probably be condemned if the wrong people saw it, this is a degree of risk i am willing to take in order to be able to finish my doctorate). would a quit claim deed be the proper way for me to do this without also signing over a portion of my interest to the other two sisters? i am in texas. thanks.
Hi llgrizzell,
You can use a quit claim deed in order to transfer your share of property to one of your siblings. As there are multiple owners of the property, I would suggest you to have a word with your real estate attorney and take his opinion in this matter.
Thanks
You can use a quit claim deed in order to transfer your share of property to one of your siblings. As there are multiple owners of the property, I would suggest you to have a word with your real estate attorney and take his opinion in this matter.
Thanks