Tranferring property to some1 by adding to Deed

[R Oliv]

I have a condo in NJ which I bought for a brother 10 years ago, using his money. Now he wants it under his name. He wants me to add him to the deed and then do a refi on his own to pay off what's owed, and take me out at the same time.

The question is: is there legal implications to this? tax implications? Any true fact is really appreciated.

Odviously I would not pay capital gain taxes, since there is no sale at a higher value.

??