 fkbsar
Joined: 23 Oct 2009
Posts: 1
1.47 Dollars($)
|
Posted: Fri Oct 23, 2009 9:43 am Post subject: Selling a Home for a $1.00 to Family
|
 Like 0
 Dislike 0
|
|
In 1991 by mother passed away and willed two homes to me. The deeds were never transferred and in 1995 I left Pennsylvania.
Fastforward to 2009. I know of two people that want the homes and I am willing to give the homes to them. Yesterday I received paperwork from them drawn up by a realtor friend of theirs to notorize. One of the stipulations about giving them the homes was that I would not be responsible for any past, present or future expenses - they would have to shoulder that - I didn't see any mention of this verbal agreement in the paperwork. I don't want this to come back and bite me. Thank you for your time.
Here is my question. Can I legally place this language as a rider or stipulation and attach it to their paperwork and have it notorized.
Grantee is responsible for any and all costs or monies due from any source past, present or future on the property _________________(#1 Street or #2 Street) addresses will be added to be paid by the Grantee (names to be added) this is including but not limited to any and all past, present, or future utility costs, paperwork, closing costs, title work, transfer of deed, attorney fees, realtor fees, taxes, liens, judgments, and any and all other encumbrances past, present or future due on this property.
Also have a question about gifting - are there any tax benefits. |
|
jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
|
|
Mortgage Forums 
