Quick Claim Deed
I have a question. I wish to purchase a house with my girlfriend's mom. My credit is not as good as hers so she was going to get the mortgage loan herself. I have enough for my half of the downpayment and to make half the mortgage payment. She suggested that when I give her my share she would just do a quick claim and add my name on the house. Do you see any potiential problems with this? What should I include in the quick claim to make sure I protect my investment. Thanks
ONLY MY OPINION:
See an attorney, it will be worth the $200 bucks or so to protect you and her. That way an agreement is drawn up which either 1. puts you on the deed at the close or 2. puts you in equal ownership at the transaction.; Later you may let her give you a quit claim deed, but remember there is a fine line when doing business with family and freinds....
Good Luck
Clint