Asked in Real Estate Law for California

Q: How do we cheaply transfer title on a home purchased in someone else's name,I paid the mortgage co. for it entirely

I bought a home with my friends parents who only did so with the intentions of getting it in my name as soon as possible, 37 years later we are ready to do so. How can we both walk away without incurring taxes. We are in California

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1 Lawyer Answer
Richard Samuel Price
Richard Samuel Price
Answered
  • Redlands, CA
  • Licensed in California

A: It's not cheap to transfer title to a home and you're not going to be able to transfer title to a property without incurring a tax liability. Bring your purchase documents to a title company or escrow company to complete the transaction.

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