Posted on: 04th Feb, 2010 08:48 pm
i had just bought a house 2 months ago and was getting ready to move into it. but just recently i found a bigger house which i fell in love with and planning on buying it. i had leased my current house to the lady that was already living there with her kids for the mortgage payment. the lady offered to buy my house but wants a quit claim deed adding her name so she can refinance it for lower interest . is that possible to do ??? or what should i do ?? is it possible to do novation here ? in other words what is the easiest but safest way for me to sell her the house - she likes it but dont have enough to put down & closing costs.
last question-would being a owner of this house prevent me from buying a second house & keep leasing this ??
thank you
last question-would being a owner of this house prevent me from buying a second house & keep leasing this ??
thank you
Dont do it you might as well giver her the house hsndle this through your lawyer DO NOT QUIT CLAIM TO HER you can lose your rights to the home