Hi Talexander,
Welcome to Mortgagefit forum.
After you have the ownership of the property you can sell it. But if there is a mortgage then it will have to be paid off.
You can go through this page to know more about quit claim deeds - http://www.mortgagefit.com/quitclaim-deed.html
After reading the details from this page if you have any further doubts, let me know and I will try to help you out.
Colin
Welcome to Mortgagefit forum.
After you have the ownership of the property you can sell it. But if there is a mortgage then it will have to be paid off.
You can go through this page to know more about quit claim deeds - http://www.mortgagefit.com/quitclaim-deed.html
After reading the details from this page if you have any further doubts, let me know and I will try to help you out.
Colin
Alexander,
"Transfer ownership of brother and sister name to sister only"
Currently both of you are co-owners of the property. Now you will make the quit claim deed as the grantor to give your share of the property to your sister, who will be named as grantee in the deed.
After your sister gets ownership she will be able to sell it provided there are no existing liens over the property, otherwise those will have to be paid off from the proceeds of the sale.
"Transfer ownership of brother and sister name to sister only"
Currently both of you are co-owners of the property. Now you will make the quit claim deed as the grantor to give your share of the property to your sister, who will be named as grantee in the deed.
After your sister gets ownership she will be able to sell it provided there are no existing liens over the property, otherwise those will have to be paid off from the proceeds of the sale.