Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Quit Claim 1/2 of house can sell without my permission

Posted on: 07th Jan, 2007 01:37 pm
My daughter and I have lived in this house for two years. If I quik claim 1/2 interest to her could she sell the house without my permission? Also could she claim the house interest on her income tax since she works and I am retired and my stated income is less than the interest I pay on the mortgage.?
Hi Guest,

Welcome here.

Your daughter can sell off her share of interest in the property as she is the owner of that part.

If your daughter is on the loan, then only she can claim whatever interest she is paying on the home loan. But then if there is a mortgage against the house, then she will not be able to sell it. She can only it after the loan is paid off.

Thanks,
James.
Posted on: 07th Jan, 2007 08:46 pm
Hi Guest,

If there is a mortgage on the home and your daughter pays the interest, then she can claim it on her income tax only when you are financially dependable on her.

Thanks
Posted on: 08th Jan, 2007 01:49 am
Page loaded in 0.193 seconds.