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tax liability on a Quit Claim Deed

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Attitude

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Post Posted: Fri Apr 24, 2009 8:59 pm    Post subject:
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If my boyfriends ex wife wont quick claim the house can he still refinance
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Sun Apr 26, 2009 10:39 pm    Post subject:
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Hi Attitude!

Welcome to forums!

Yes, your boyfriend can still refinance the mortgage in his name. But you should note that if he refinances the mortgage, his ex-wife will still have ownership rights on the property.

Sussane
sherryt

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Post Posted: Tue Dec 29, 2009 9:17 pm    Post subject: ca law property taxes
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We want to buy out my husband's brother as they are tenants in common on CA property that is paid free and clear and we pay very low taxes - will the quitclaim affect our CA property taxes?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10020
Location: Alaska
917.78 Dollars($)
Post Posted: Tue Dec 29, 2009 11:50 pm    Post subject:
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Hi sherry!

Your query has been answered in the given page:
http://www.mortgagefit.com/california/remove-title.html#141536

Take a look at it. I hope it will help you.

Sussane
jack shearon

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Post Posted: Thu Jan 28, 2010 6:44 am    Post subject: tax
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i want to give my son rental property through a quit claim deed. is there a gift tax on it and how much on $150,000.
thanks
jack shearon

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Post Posted: Thu Jan 28, 2010 7:04 am    Post subject: tax
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if i sell rental property that is paid for can i pay off another rental property with the money without paying any taxes.
thanks
Phillip

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Post Posted: Fri Apr 09, 2010 2:58 pm    Post subject:
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There is an exemption for Washington State excise tax for the transfer of real property if there was no consideration given i.e. the property was transferred as a gift.
California

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Post Posted: Fri Nov 19, 2010 5:53 pm    Post subject:
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I live in California. I'm separated and my still husband wants me to sign a quitclaim deed in his favor. He is trying to modify the loan. will I have to pay taxes for that? will my financial resposabiltiy end with a quit claim deed?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Fri Nov 19, 2010 9:58 pm    Post subject:
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Hi Guest,

Your financial responsibility toward the mortgage will not get over even though you sign the quitclaim deed. It will only remove you from the property deed.

Thanks
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