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Updated over 15 years ago,
Quit claim then refinance or heloc
Soon my uncle will quit claim a property to me as gift. The property is already paid off. Would I be able to refinance the property or would I gat a HELOC? Since it is going to be a quit claim deed, how long do you usually have to hold onto the property before applying for the refi or heloc? Keep in mind this property is paid off already.
Any info is appreciated. Thanks