Asked by belmontkae, Los Angeles, CA • Sat Jul 14, 2012
Two guys own a vacation house in Arizona for 25 years; one now wants to buy the other out with cash. The buyer wants to know if he should "purchase" it and go through escrow, or just pay the friend and have him sign a quitclaim deed. There is no mortgage on the property. Will a quitclaim avoid a re-assessment of the sellerâ€™s portion of the property?
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!