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Quit Deed

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Old Jul 14th, 2008, 08:39 PM     #1
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Default Quit Deed

We are trying to get a loan the cheapest and easiest way to buy my in-laws
property which they own outright so our bank told us about quit deed which
my in laws don't have a problem with but want to make sure that the transfer
tax fee which we are going to pay up front. Will my in laws get charged any
taxes later on down the road?
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Old Jul 16th, 2008, 08:43 AM     #2
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Default Re: Quit Deed

Check with your local county clerk or recorder of deeds because some local jurisdictions do have applicable taxes.
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