Posted on: 21st May, 2013 10:19 am
I bought a tax deed in new mexico and just got it recorded. i want to do a quit claim my question is am i the grantor and the grantee?
You would be the grantor - Grantee would be the recipient.
Hi Choise,
Yes, the person who transfers the property is known as the grantor. Remember, if you're gifting the property to someone else and if it exceeds the exemption limits, then you will be liable for paying gift taxes.
Thanks
Yes, the person who transfers the property is known as the grantor. Remember, if you're gifting the property to someone else and if it exceeds the exemption limits, then you will be liable for paying gift taxes.
Thanks
