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HOW MUCH IN DOC FOR A MORTGAGE OF 250,000 TRANSFER FROM 2 PE

Posted on: 18th Mar, 2008 08:49 am
husband and wife bought property
mortgage $250,000.
property quit deed to husband
how much in doc taxes need to be paid
market value $280,000.
Hi PSANCHEZDIAZ,

Welcome to the forum.

I think it varies in different states. You should contact with a tax assessor in this regard ASAP.

Best of luck,
Larry
Posted on: 18th Mar, 2008 01:01 pm
Hi Psanchez,

A tax assessor evaluates property value for the purpose of determining your property taxes. So, I think it's better if you consult the County Recorder or Registrar of Deeds and ask about the taxes needed to record the deed as well as the mortgage. By the way, what's your state of residence?
Posted on: 19th Mar, 2008 05:15 am
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