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  1. #1
    Join Date
    Dec 2007
    Posts
    1

    Default Quit Claim Deed Vs. Deed Of Gift

    I am in Virginia and my father died and left two homes to my aunt and I. The will has stated this and I reside in one of the homes. Now that I am trying to get a home equity loan, she does not want to cooperate being afraid that she will be held liable IF I would default on the loan. For her to turn over interest in the property that I reside in which option would be better, quit claim or gift? And I would do the same for the other house.

  2. #2

    Default Re: Quit Claim Deed Vs. Deed Of Gift

    You can simply exchange property. That way there will be no tax consequences. Have an attorney draw up the deeds.

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