Is a property transfer considered an exchange?

you can get a property transfer through an inheritance, quit claim deed, sale, short sale, deed in lieu of foreclosure just to name the most common ways. i'm not exactly sure what your question is. i hope that helps.

If we transfered property to a family member and no money was exchanged, is that considered to be a sale or exchange? We're involved in a short sale and our names were on title of a separate property a year ago.

So basically you are trying to short sale a property and in order to show you had no assets, you transferred a paid off property to a family member because you didn't want it in your name and you are now trying to find out how to answer the questions on the paperwork without ending up in Leavenworth?

Does that about sum up your question?

Hi Guest,

As far as I can understand, the scenario that you've mentioned will be considered as a simple property transfer. As no money was involved, it won't be considered as a sale.

Thanks