Posted on: 06th Jun, 2008 09:34 pm
we have purchased a home for our son with a 1031 exchange. he will pay the taxes and insurance and we will receive rent from him. after two years we would like to be able to put the property in his name but retain being his financial on the property. can we just sign a quit claim deed to change it to his name and not have to go through a title company and pay the closing cost again?
hi rose!
welcome to forums!
you can consult your local escrow officer in order to know the amount charged as transfer taxes while you refinance the loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
you can consult your local escrow officer in order to know the amount charged as transfer taxes while you refinance the loan.
feel free to ask if you've further queries.
sussane
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