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South Dakota Real Estate Law Questions & Answers

1 Answer | Asked in Real Estate Law and Tax Law for South Dakota on

Q: I intend to pay off mortgage on my son's house to prevent mortgage svc company from foreclosing and losing his equity.

Then I want him to sell me the house to me for $1. Problems

Is there a tax problem based on the real value of the property?

Vincent Gallo answered on Sep 19, 2017

Not if everything goes through as planned.

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