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You are here: Experts > Business > Small Business: Canada > Financing -- Loans > Buying a Sibling out of an Estate Property
Financing -- Loans - Buying a Sibling out of an Estate Property
Expert: Bobbi Buehl - 11/1/2009
Question
My sister and I have inherited our CA. family house after the death of our mother. My sister wants to sell her share of the house to me, so she and her husband can buy a bigger house. I would be a first time home buyer, what is the best way to legally do this?"
Answer
Hello,
The easiest way to do this is to get yourself qualified for a loan. Also, you do NOT have to do a purchase loan, you would be doing a refinance loan. You might want to go to a local Title Company and have yourself "Quit Claimed" onto the deed, sometimes this help things move faster in this situation.
If I was you though, I'd go the Bank you do your banking with and apply through them. It doesn't make any difference if your sister is on the deed at this time, but she will have to agree to sign off any rights to the home.
Hope that helps, and good luck!
Bobbi Buehl
Sr. Loan Officer
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