Friday, November 28, 2014

a friend of mine brought a house with the money I loaned. Now, he wants to move and transfer the title to me. He does not want to sell the h...

Question

a friend of mine brought a house with the money I loaned. Now, he wants to move and transfer the title to me. He does not want to sell the house and repay my loan. What are tax implications and procedures to follow?



Answer

Hire a real estate attorney. There are so many ways this could be done incorrectly.



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