Posted on: 22nd Oct, 2007 02:31 pm
my brother and i own 50% of a condo that we received thru a quit claim transfer from our mother. my brother wants me to buy his interest out. can we use a quit claim deed for this?
Hi Gene,
Yes, your brother has to sign a quit claim in order to transfer his share of property to you.
Yes, your brother has to sign a quit claim in order to transfer his share of property to you.
Hi Gene,
You can pay your brother for his part of interest in the property and he will sign a quitclaim deed to transfer his share of property to your name. I think that will be the best for both of you.
But do remember to sign the deed by the notary officials and record it in the county recorder office to make the deed legally valid.
With best wishes,
Larry
You can pay your brother for his part of interest in the property and he will sign a quitclaim deed to transfer his share of property to your name. I think that will be the best for both of you.
But do remember to sign the deed by the notary officials and record it in the county recorder office to make the deed legally valid.
With best wishes,
Larry