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quit claim deed

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jojo Guest	Posted: Fri Dec 30, 2011 5:39 pm    Post subject: quit claim deed Like 0 Dislike 0 Hi, Me and my brother own two houses with mortgages and currently live in them. my house is bigger and hence has a higher mortgage, I want to switch houses with my brother and take his smaller house that would be easier for me to make payments. and since he can afford the bigger house he will take mine. what is the best way to do this with moving full ownership and mortgage responsibilities between each other for each house? Thank you _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Guest	Posted: Fri Dec 30, 2011 9:49 pm    Post subject: Like 0 Dislike 0 Welcome jojo, As far as I can understand, both of you will have to sign quitclaim deeds in order to transfer the property to one another and then both of you will have to refinance the mortgages. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Fri Dec 30, 2011 9:57 pm    Post subject: Like 0 Dislike 0 It was me above... forgot to sign in!! _________________ Procrastination is the enemy of your financial success

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