All Forum Posts by: Ted Graham

Thanks for the comments, I have an appointment with a real estate attorney to discuss.

I found this thread on quit-claims interesting: http://www.biggerpockets.com/renewsblog/2011/07/08/quit-claim-deed-title-insurance/

After a small amount of research, I'm thinking we can use a quit-claim deed to transfer our half of the condo to the buyer.

She is going to give us our equity ($32k) in cash.

Anyone see a problem with this?

We have shared a ski condo with some friends for 10 years. We have bought a new place, and our co-owner's sister wants to buy our half of the old place.

She is going to give us our equity in cash, so we would prefer not to refinance the current loan or do any title work. She will be putting down at least 30%, so we aren't too worried about keeping our names on the loan, but we'd like her to be able to deduct the mortgage interest and taxes.

How should we structure this?