Posted on: 17th Dec, 2009 01:04 pm
hello, my friend and i decided to buy a house together and i am in the postition to buy her out. can we do a quit claim deed for her to sign the properety over to me? and by doing this, does this legally remove her from having any financial interest to the property. lets say i pay it off in 4 years, can she come back and take any of the money.
draw up a contract between the two of you if you're nervous about what can happen in the future. buying her out should be a "one and done" transaction. there should not be any future issues with it.