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HOW MUCH IN DOC FOR A MORTGAGE OF 250,000 TRANSFER FROM 2 PE

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Icon Mini Profile PSANCHEZDIAZ



Joined: 18 Mar 2008

Posts: 1



1.27 Dollars($)

PostPosted: Tue Mar 18, 2008 8:49 am    Post subject: HOW MUCH IN DOC FOR A MORTGAGE OF 250,000 TRANSFER FROM 2 PE

HUSBAND AND WIFE BOUGHT PROPERTY
MORTGAGE $250,000.
PROPERTY QUIT DEED TO HUSBAND
HOW MUCH IN DOC TAXES NEED TO BE PAID
MARKET VALUE $280,000.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3328



473.51 Dollars($)

PostPosted: Tue Mar 18, 2008 1:01 pm    Post subject:

Hi PSANCHEZDIAZ,

Welcome to the forum.

I think it varies in different states. You should contact with a tax assessor in this regard ASAP.

Best of luck,
Larry
 
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Icon Mini Profile Caron
Caron
Moderator

Joined: 19 Jul 2005

Posts: 1482
Location: florida


250.36 Dollars($)

PostPosted: Wed Mar 19, 2008 5:15 am    Post subject: RE: consult county recorder for doc tax

Hi Psanchez,

A tax assessor evaluates property value for the purpose of determining your property taxes. So, I think it's better if you consult the County Recorder or Registrar of Deeds and ask about the taxes needed to record the deed as well as the mortgage. By the way, what's your state of residence?

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