Hello,So, my friend and I are both buying houses at the same time. Both putting 5% down on conventional loans. His place is  175k and mine is 185k. My credit score is higher. All that said, we noticed that he was bein...

Closed on house in may , and yesterday i get the owners policy

of title insur. in the mail, along with a statement for a transfer tax for $132.

doesnt the seller pay that? can i be billed for something...

We purchased a non-performing note a few months ago that was slated for foreclosure not long after the note purchase.  It was so close in fact, that there wasn't enough time to do a Substitution of Plaintiff and an As...

I was talking with a friend who works at a title company here in MD. I was asking him about assignment contracts and he said that alot of companies don't do them because it can get THEM in trouble. His reasoning was t...

I have a sheriffs deed on a property that I bought at a tax sale. There are no restrictions on the deed because the waiting period for previous owner to reclaim the land has expired. How do I transfer the deed to the ...

Hi Real Estate Veteran,I am using turbotax to calculate depreciable basis for my rental property. After evaluating my situation, I need to add the cost of City Transfer Tax into depreciable basis. However, I don't kn...

Hi, 
I have a property I own personally and am 1031ing into a commercial property in FL. If I close on the new commercial property personally, can I then turn around and quitclaim it to a pass through LLC (still owne...

I purchased a rental back in September in my personal name. I’d like to move ownership into a new LLC. I spoke to the title company and she said I’d have to pay the full 2% transfer tax and there’s no way around that....

Hi All,I've been going back and forth with negotiations for a lease option and I was wondering if anyone can shed light on who customarily pays for transfer taxes when a home is being sold (through lease option if tha...

Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name.  I would not be paying anything for the property they would be giving it to me for nothing.  They...