Updated about 4 years ago on . Most recent reply
Having problems refinancing a Quit Claim deed property
I have a SFR rental in Las Vegas, NV that was recently transferred to me by quit claim deed from a parent. There is no mortgage on the property, it is owned free and clear. It is worth close to $400K and I want to get a cash-out refi of about $160K, but lenders are requiring that I hold the deed for at least 6 months before they will refinance it. Is there any way around this or do I need to wait 6 months? Hoping someone can give me advice.