What Do You Think of a "Quiet Claim Deed"?
My brother in law wants to sell his half of a property to my wife and I (for $400K) but wants to maintain a “Quiet Claim Deed” to the property in which he will have the option to buy back 50% of the property for ($500K) by the year 2015. To me it sound like my brother in law is essentially requesting a large loan from my wife and I and really doesn’t want to sell his half the property. The property location is in down town San Francisco. What do you think about this?
This question is in the General Section. Responses must be helpful and on-topic.