---

adding name on house deed

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
MargeM Guest	Posted: Sat Oct 29, 2011 6:25 am    Post subject: Gift tax on refi Like 0 Dislike 0 My husband bought our home before we were married. We want to refinance the house and add my name at closing. We were told there would be a gift tax to IRS on my half of the value of the home which would be quite expensive. We live in Texas. I've never heard of this before.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 30, 2011 10:45 pm    Post subject: Like 0 Dislike 0 Welcome MargeM, As far as I know, if your spouse is a U.S. citizen, then you can gift any amount to your spouse without incurring any federal gift tax or state gift tax consequences due to the unlimited marital deduction. _________________ Procrastination is the enemy of your financial success
geo Guest	Posted: Sat Mar 24, 2012 2:09 pm    Post subject: HOw to change order of the names on mortgage deed and note Like 0 Dislike 0 Just a couple of days ago, my husband and I purchased the house and signed the mortgage deed and note at the Title Agency in Ohio. My husband is upset that I put my name first on all the documents and his second. Is there a way to correct this so that on the public records (survivorship deed) it shows husband and wife names instead of wife and husband order. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Mon Mar 26, 2012 12:50 am    Post subject: Like 0 Dislike 0 Welcome geo, You can use a quitclaim deed in order to change the order of the names. Nevertheless, you can even contact a real estate attorney and take his opinion in this matter. Thanks _________________ Procrastination is the enemy of your financial success

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

Previous  1, 2, 3, 4, 5, 6

Page 6 of 6

---

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