QUESTION
What would it cost to remove myself from my fathers estate? Only item in the estate is a condo that's paid for.
Asked on Feb 09th, 2013 on Residential Real Estate - Nevada
More details to this question:
My sister, brother and I are now owners of the condo. My brother is living in the condo but is not paying the taxes on time. I have excellent credit and don't want a mark on my credit. My sister is filing bankruptcy so doesn't care. The condo is in Las Vegas 22 years old. Probably only worth about $40,000 if it could even be sold so. I don't want any part of the condo. Just want to have my name taken off the title. Wondering approximate cost to do this.
1 ANSWER
R. Christopher Reade
If your Sister and Brother will consent to allow you to deed your interest in the condo to them, the cost would be simply preparing a Quitclaim Deed transferring your interest. The recording costs would be less than $20. You would be exempt from Real Property Transfer Tax since it is a transfer to a co-owner.
Answered on Feb 09th, 2013 at 12:32 PM