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Tax implication when selling property after quit claim deed
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evis

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PostPosted: Wed Oct 01, 2008 9:27 pm    Post subject: helping my sister
Can I transfer a home loan to my sister after a one year without any problem.
 
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Icon Mini Profile jerry
jerry
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Joined: 17 Oct 2005



Posts: 1199
Location: MICHIGAN


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PostPosted: Thu Oct 02, 2008 1:24 am    Post subject:
Hi evis!

If you have already transferred the property in your sister's name with the help of a quitclaim deed, then your sister needs to refinance in order to transfer the mortgage in her name.

Thanks,

Jerry
 
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