Asked by W_mt, Great Falls, MT • Mon Feb 1, 2010
Help I need Quit claim for deed advise
Two years ago my dad died leaving the house us five kids to be split equally 5 ways. We have not done anything with the house yet. Last November one of my nephews declared bankruptcy, lost his home and moved his family home to live with my brother. My nephew would like to buy the house but canâ€™t get financing, we said he could rent the house for two years and then get financing and buy it. My brother wants to quit claim the house to him now because he says supposedly having my nephew as the owner for two years will make it possible to get a loan in two years. I am the only one who thinks this is a bad idea. Please tell me EVERYTHING that could go wrong here. To me this is such a bad idea on so many levels, I canâ€™t understand what is wrong with my siblings thinking. Please advise, Thanks
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