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thelions2000 · Joined: 04 Feb 2010 Posts: 1 1.37 Dollars($)

I had just bought a house 2 months ago and was getting ready to move into it. but just recently i found a bigger house which i fell in love with and planning on buying it. I had leased my current house to the lady that was already living there with her kids for the mortgage payment. The lady offered to buy my house but wants a quit claim deed adding her name so she can refinance it for lower interest . is that possible to do ??? or what should i do ?? is it possible to do novation here ? in other words what is the easiest but SAFEST way for me to sell her the house - she likes it but dont have enough to put down & closing costs.
Last question-Would being a owner of this house prevent me from buying a second house & keep leasing this ??

Thank You

SSPINGARN · Posted: Fri Feb 05, 2010 8:08 am Post subject:

Dont do it you might as well giver her the house hsndle this through your lawyer DO NOT QUIT CLAIM TO HER you can lose your rights to the home

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