What do I need to do to transfer a deed to a mobile home and land from a family members name to my name?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What do I need to do to transfer a deed to a mobile home and land from a family members name to my name?
The property is currently deeded to my uncle and he has agreed to give me the property, and I have agreed to pay the back taxes. I need to know if I have to pay these taxes in full before the deed can be transferred? Also what steps do I need to take to get the deed transferred? Do I need an attorney to do this?
Asked on January 28, 2012 under Real Estate Law, North Carolina
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
How wonderful for you! But I think that the best thing for you to do is to speak with an attorney and financial planner - or an accountant - to plan this wisely for you. If you just put it in your name you may be subject to a gift tax inyour state on top of the filing fees it will cost you for the deed. It may be wiser for you to "purchase" the property for the amount of the taxes, that way you get a tax break and your uncle avoids a lien. And the deed should always be prepared by a lawyer. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.