Posted on: 06th Oct, 2008 09:13 pm
I'm buying out my sisters portion of a home that was left to 3 of us..I am paying cash..Are there any closing costs on this transfer
If the deed was in the 3 of you and it's free and clear, I would think all you have to do is quitclaim
If you are refinancing cash out, then you would have to repay recordation taxes, which vary for each state.
If you are refinancing cash out, then you would have to repay recordation taxes, which vary for each state.