He possess the house or property free and you may clear, this is not his number 1 quarters, and then he’s possessed they for years

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Wife and that i really wants to purchase an additional domestic of the girl buddy. Our initial plan try getting him to quitclaim deed the newest quarters so you can all of us, us to pull out a great HELOC in it just like the we would next own it, and you may pay him of a loan.