Posted on: 28th May, 2007 07:10 pm
are these forms needed when a percentage of equity is bought from a party that does not have their name on the property deed, title or any document of any sort? this property is in CA.
jacquie, you mean to say you are buying some % of equity from someone who does not hold any rights over the property?
but why you are paying him if in return you will not be getting anything from him?
quit claim deed is used to get ownership of property from the person who owns it and then only you pay him the value of that property.
but why you are paying him if in return you will not be getting anything from him?
quit claim deed is used to get ownership of property from the person who owns it and then only you pay him the value of that property.
I do not understand what you will pay him for? percentage of property is purchased from someone who owns property but as you are saying other person does not hold title to this property. Please correct me if I am wrong.
Hi Jacquie,
Please refer this thread http://www.mortgagefit.com/california/quitclaim-equitypurchase.html posted by you to have the discussion on the question asked by you.
Thanks
Please refer this thread http://www.mortgagefit.com/california/quitclaim-equitypurchase.html posted by you to have the discussion on the question asked by you.
Thanks