Posted on: 31st Aug, 2010 06:54 am
my parents recently divorced and my mom signed a quit claim giving the house to my dad. when he went to the court house to file they said he had to pay fair market tax....is there any way around this? dad bought mom out of the house for a mutually agreed upon value.
going to the courthouse today...thanks for the help
going to the courthouse today...thanks for the help
welcome rebeccalee,
your father will be liable for paying certain taxes when he tries to file the quit claim deed. he cannot avoid paying those taxes.
your father will be liable for paying certain taxes when he tries to file the quit claim deed. he cannot avoid paying those taxes.