Posted on: 05th Jan, 2013 02:09 pm
To qualify for my home in 2002, my sister offered to cosign my loan, therefore she is listed on title as a joint tenant. She's never lived in the home with me nor paid into the mortgage.
I plan to refi by myself this year and would like to remove my sister from the title. Would this trigger a reassessment? I'm in Los Angeles County.
Thanks!
I plan to refi by myself this year and would like to remove my sister from the title. Would this trigger a reassessment? I'm in Los Angeles County.
Thanks!
Hi Guest,
As far as I know, change in ownership of property and mortgage may trigger reassessment for tax purpose.
Thanks
As far as I know, change in ownership of property and mortgage may trigger reassessment for tax purpose.
Thanks
Hi Guest!
Welcome to forums!
You can get in touch with a tax adviser and take his opinion in this regard. He will help you in resolving your query and let you know whether or not there will be any reassessment.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can get in touch with a tax adviser and take his opinion in this regard. He will help you in resolving your query and let you know whether or not there will be any reassessment.
Feel free to ask if you've further queries.
Sussane