Sell my second (investment) house by a quitclaim deed ?

, my brother in law its trying to sell my second house(investment) by a quitclaim deed? he ask me to give him the warranty deed, he said he will go to the title company and do the tranfer to the " byer"
how this work?, what happens with the mortgage (loan), ?

Giving the deed to your brother means you will lose all right to the property, yet be responsible for the mortgage/loan.

In a normal transaction, you give the deed to an escrow company (a nuetral third party) and the buyer puts his money with the escrow company. The escrow company then exchanges the money for the deed and you and the buyer walk away happy.

Regards

i hope you trust your brother in law?

i am suspicious.
why don't you go to title with them?
for a legit transfer the buyer has new financing that will pay off your loan.

I'm sure your brother-in-law may be well meaning, but unless he is a lawyer, I would run it by someone who is. It's buyer beware in that case. But seller beware in case of a lawsuit.

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