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Tax Consequences of Buying Your Parents’ House When one is looking to purchase a house from their parents, they must take into consideration the tax consequences that are included with it. Whether buying in cash or through mortgage payments, taxes can always be due on this kind of real estate transaction. According to if the...
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Can a Title Company Remove a Lien? One’s legal claim, referred to as a lien, should be held and secured by one creditor to be able to remove it. Consequently, the title company is responsible for ensuring all liens are collected and released during closing to ensure that potential issues with payments or property transfers...
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