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Fayssal
Guest
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 Posted: Thu Dec 04, 2008 7:53 am Post subject: Quit Claim Deed |
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| I am bying a property in Michigan and live in Massachusetts. My bother put in the deposit check and planning on completing the closing under his name. Then when we the home is registered with the City and County, it will be under my name and he also will issue Quit Claim Deed. I am providing all the financing for the purchase. Is this process ok? |
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 smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Thu Dec 04, 2008 7:21 pm Post subject: |
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Hi Fayssal!
Welcome to forums!
Yes, your brother can sign a quitclaim deed in your name and transfer the property to you. But you should remember that if there is a mortgage on the property and if its in your brother's name, then you will need to refinance the mortgage.
Feel free to ask if you have further queries.
Sussane |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Sat Dec 06, 2008 10:38 am Post subject: |
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I don't know why you are doing this instead of the usual way. Make sure you have a contract that specifies all of this.
_________________
Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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