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stamp and other taxes eededto be paidwhen doing quitclaim

Posted on: 22nd Oct, 2007 10:17 am
I have aproperty I want to quitclaim to an LLC company that is own by me and my wife.What would e the costs in stamps and other taxes ,if the property holds a mortgage.
Thankyou
Jan
Hello Jan,

These differ from state to state. So if you tell me the place where you live then I could help you.
Posted on: 22nd Oct, 2007 10:51 pm
Hi jan,

In fact these taxes differ from one state to another; so if you can please let us know where you live. We shall surely try to provide you the information.

Thanks,
Larry
Posted on: 23rd Oct, 2007 03:43 am
Hi,

In some places you have to pay a transfer tax based on the value of the property. You have to check your state law to find out about the taxes.
Posted on: 23rd Oct, 2007 03:58 am
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