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Tropical9c · Joined: 18 Nov 2009 Posts: 4 2.17 Dollars($)

My son wants to "quit claim deed" his property to me and my question is :Would the quit claim allow me to obtain an equity loan on the house on my name ?

jenkin7 · Posted: Wed Nov 18, 2009 9:42 pm Post subject:

Hi Tropical,

Once the property is transferred to you through a quitclaim deed, you get the legal ownership of the property. You can then apply for a home equity loan on the property, given there is enough equity in the property and you meet the qualifying criteria for the loan.

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