Legal Question in Real Estate Law in New Jersey
transfer property
my boyfriend was to transfer 1/2 of his home to me which is mortgage free. How would we do this? Do we need a lawyer for this or can we do it ourselves? And are there any repercussions for me? thanks
Asked on 9/17/07, 11:16 am
2 Answers from Attorneys
Robert Davies
The Davies Law Firm, P.A.
Re: transfer property
Lots of repercussions, mostly for him. Some for you too. Gift tax? duty to pay the taxes, utilities, upkeep?
You transfer real estate by signing a properly drawn Deed. A lawyer can assist greatly.
Answered on 9/17/07, 11:28 am
Savyon Grant
Law Office of Savy Grant
Re: transfer property
It is pretty easy to do with an attorney. I charge $500 for this transaction. I can be reached at 201/646/9600.
Answered on 9/21/07, 10:46 am