New Jersey | Real Estate Law
4/10/04, 8:37 am
Legal Question
QuitClaim deed and refinancing
Hi,
My brother and I owned a house together. Recently, I refinanced and decided to take over his interest of the house.
From what I heard from friends, there should be a change of deed, which needs to be recorded in our county.
But what I received from our refinancing company is a QuitClaim deed. Both of us would be the first party, and I would be the second party.
Is the QuitClaim deed the right form to use, instead of the regular deed? My main concern is to avoid any potential complications if I sell my house later on.
Thank You!
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