Gift letter

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Our daughter and her husband are going to assume our loan on our property in California. The property is valued at 199,000.00, there is a balance of around $83,000.00. They will assume that balance if they are approved. Do we deed to do a gift letter for the difference between the 199,000.00 and 83,000.00?

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Anonymous (not verified)
25-11-2014

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