Can a Quit Claim Deed be used to give half ownership of my home to my best friend?

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Icon Mini Profile cking





Joined: 20 May 2009

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Post Posted: Wed May 20, 2009 9:22 am    Post subject: Can a Quit Claim Deed be used to give half ownership of my h
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Can a Quit Claim Deed be used to give half ownership of my home to my best friend?...My best friend want to be a 50/50 owner in my property and buy into my property. Basically he will pay to me the same amount (downpayment) to share equal rights to the home.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Post Posted: Wed May 20, 2009 8:31 pm    Post subject:
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Hi cking,

A quitclaim deed can be used to give 50% ownership of the property to your friend. You'll have to sign a quitclaim deed and add your friend. Once the deed is filled out, you need to notarize and record the deed.

Thanks
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