Posted on: 03rd Feb, 2009 06:22 pm
if the property has been transfered thru a quit-claim am i responsible for the taxes,and can i claim them on my income taxes.
Hi,
When a property is transferred to a person i.e. the grantee through a quitclaim deed, the grantee becomes financially responsible for his share of interest in the property. Thus, the grantee becomes responsible for the taxes.
However, as I am not a legal expert, personally, I would recommend a legal consultation with your attorney.
Be cheerful & keep smiling.
When a property is transferred to a person i.e. the grantee through a quitclaim deed, the grantee becomes financially responsible for his share of interest in the property. Thus, the grantee becomes responsible for the taxes.
However, as I am not a legal expert, personally, I would recommend a legal consultation with your attorney.
Be cheerful & keep smiling.