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My sister and I are joint tenants of a home. I am in need of money and am thinking of doing acash-out refinance for an amount to cover for my share of the home and quitclaim the home to my sister. Should the cash-out refinance and quitclaim occur at the same time? Do I have to pay any taxes for this quitclaim? Thank you.
My sister and I are joint tenants of a home. I am in need of money and am thinking of doing a
cash-out refinance for an amount to cover for my share of the home and quitclaim the home to my sister. Should the cash-out refinance and quitclaim occur at the same time? Do I have to pay any taxes for this quitclaim? Thank you.