Newsflash: Help with quitclaim deed in NYS

Wondering if anybody can shed some light. I’m trying to buy a house from my mother and she would like to use a quitclaim deed to transfer ownership. I am to pay her around the amount that it has been assessed at that she will use to pay a home equity loan that she has taken out against the house.Is a quitclaim deed the way to go in this situation? Do either of us need to pay taxes on this transaction?

Read more at https://www.reddit.com/r/RealEstate/comments/6hwrg9/help_with_quitclaim_deed_in_nys/?utm_source=ifttt

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