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Quit Claim Deed and Gift Tax

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Teague Guest	Posted: Tue Feb 17, 2009 5:09 pm    Post subject: Quit Claim Deed and Gift Tax Like 0 Dislike 0 My boyfriend wants to add me to the deed of his house while keeping himself on it as well. I live is Washington state and found out through my counties recorders office, I am required to pay a tax on 50% of the mortgage amount which is 1.78% adding up to almost $3,000!! Is there a way to avoid this tax without my boyfriend having to pay it for me as a gift? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Feb 17, 2009 10:01 pm    Post subject: Quitclaim deed Like 0 Dislike 0 Hi Teague, This query has already been answered in the following page: http://www.mortgagefit.com/california/quitclaim-taxliability.html#7787 2

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