Posted on: 18th Oct, 2010 03:58 pm
Is any taxes payable if I quick claim deed 2 properties to my son that are located in FL $250K
I am involved in a possible short sale in NY. Can bank holding the only mortgage I have in NY attach these properties if deeded to my son?
I am involved in a possible short sale in NY. Can bank holding the only mortgage I have in NY attach these properties if deeded to my son?
Hi fbove!
Welcome to forums!
You'll be liable for paying the stamp doc fees, deed recording fees, transfer taxes etc., when you transfer your properties to your son. As the properties are located in New York, I don't think that the Florida based lender will come after them.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You'll be liable for paying the stamp doc fees, deed recording fees, transfer taxes etc., when you transfer your properties to your son. As the properties are located in New York, I don't think that the Florida based lender will come after them.
Feel free to ask if you've further queries.
Sussane