Q: How much should it cost to process a quit claims deed. I am transfering home ownership from children to parent.
Transfering title back from children to parent, In prparation for possible sale by parent.
Quit Claims deed form children have been signed and notorized.
A: Hello, the recording fee for recording a Quit Claim Deed is $30 payable to the Register of Deeds in the County where the property is located. If this is a sale from the children to the parent, then a transfer tax by the State of Wisconsin will be assessed on the value of the real estate transferred. If it is a gift, then there will likely be no real estate transfer tax due. I suggest you consult with a qualified real estate attorney to help you complete this transaction in order to ensure what you are doing will meet your goals and objectives in this situation.
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