---

quick claim my 50% interest in CA. home to my wife

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
suncatcher4 Joined: 10 Mar 2010 Posts: 1 1.27 Dollars($)	Posted: Wed Mar 10, 2010 10:31 am    Post subject: quick claim my 50% interest in CA. home to my wife Like 0 Dislike 0 My wife and i own 50% interst each on a home in California. I am the only signer on the mortgage. The house taxes are taxed on proposition 13. I wan to quick claim my 50% over to my wife. Will my wife still be eligible for the proposition 13 taxes?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Mar 11, 2010 2:14 am    Post subject: Like 0 Dislike 0 Hi suncatcher! Welcome to forums! As far as I can understand proposition 13, if your wife becomes the owner of the property then she would be eligible for it. However, you should inform your lender about the transfer of property. The lender may want your wife to refinance the loan in her name. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0