Posts Tagged ‘Moving’
i went to a tax sale in Houston and bought a deed I’m now moving back to California can i give the deed away?
Wednesday, December 9th, 2009not looking to make money at this time on the deed just dont want to deal with the taxes while relocating to california any ideas.
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Parents selling home & moving in with me, how can they avoid capital gains tax?
Saturday, November 21st, 2009My boyfriend and I just bought a house (110K lien), and his parents will be moving in with us, in a garage-converted apartment. Parents are selling thier house for k to my boyfriend’s older sister. Since they are close to 80 and have no other assests, we are trying to invest legally but avoid capital gains. Should that 80k be paid on our house and add the parents to the title, or should the deed to the original house be passed as a "gift" to the sister and sister pay mom & pop under the table? Or should the 80k be split between all 7 of mom & pop’s children as an inheritance (even though both are alive, they do not have a will). Let me know what options exist.
The parent’s home is a single-wide mobile home on a permanet foundation on 1 1/2 acres of land in Maryland. They bought the land & the mobile home in the early 1980s and have owned & occupied it since then.
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I would like to buy a tax foreclosed house, but the county will only sell it to the current tenants?
Tuesday, October 13th, 2009The current tenants, (my neighbors), cannot afford to purchase this house, the house I grew up in, and they offered it to me before it would go to the county treasurer and they would sell it on the market for 10x what they will sell it to them for.
I would like to purchase it, have the money, but the county says they will only sell it to my neighbor, and only in my neighbors name, however I could be a lien holder by putting the money up for the house and making a mortgage contract. My neighbor has already expressed to me that he has no intention of buying it, and in fact plans on moving. The county came up with the plan for me to put up the check, and place a mortgage lien against the title (this would protect my interest in the property). At this point, my neighbor says he would just sign over the title to me and I could charge off the loan. This sounds straightforward enough (jumping through the county’s hoops), but would there be any problems that could arise from this?
My neighbor is a good guy, and I explained that to him, but that I still need to financially protect my interest, and he is fine with that. It comes down to:
Is it legal? Would him signing over the title to me force the sale of the property (ideally I want to keep the property, and have the deed in my name). Can anyone else recommend a different way to approach this. The county is dead set on the requirement that the title be in his name.
Thanks in advance for any advice.


