Posted on: 13th Aug, 2010 10:02 pm
I need advice on what kind of form i would need for friend to friend sale on a house he inherited from grandfather with bank balance. My frind is letting mi have home as long as i take over payments for witch there is another 6 years left in payments,we areserching to see what form is best for us thank leo
your friend should use a quit claim deed in order to transfer the property to you. he can contact a real estate attorney and get the quit claim deed drafted from him. once the property is transferred in your name, you will have to refinance the home loan. thus, you would become responsible for the loan.
thank u....