Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

gift deed

Author Message
Icon Mini Profile harrywallace07





Joined: 25 Aug 2009

Posts: 42

-0.10 Dollars($)
Post Posted: Mon Sep 07, 2009 6:23 am    Post subject: gift deed
Like 0
Dislike 0

Can you use a gift deed to transfer real property to a corporation...?
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Mon Sep 07, 2009 7:01 am    Post subject:
Like 0
Dislike 0

Hi,

It is quite possible to transfer a piece of real estate property to a corporation using a gift deed. However, there should not be any money transaction involved in it, because no money is exchanged when a property or something is gifted.
Icon Mini Profile jonunderwood007





Joined: 03 Sep 2009

Posts: 38

-0.40 Dollars($)
Post Posted: Tue Sep 08, 2009 2:49 am    Post subject:
Like 0
Dislike 0

Yes, it happens regularly, such as where a land owner donates a property to charity through a non-profit corporation, or donation of property to a municipal corporate entity, or less often where the founder of a company donates property to capitalize a new corporation.
Icon Mini Profile catharin9





Joined: 14 Jul 2009

Posts: 168

-0.14 Dollars($)
Post Posted: Sun Sep 20, 2009 7:24 am    Post subject:
Like 0
Dislike 0

Yes.

As you can gve your land to charity.
Same is concept with gift deed.

For the purposes of deeds, a limited liability corporation is treated the same as an ordinary corporation, and can be either the Grantor or the Grantee.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.063 seconds.