Updated almost 9 years ago on . Most recent reply
Recording the DEED
I purchased a property at the sheriff sale and just got the deed. I am planing on selling the property in the next 3 month. I am wondering if I can avoid paying the real estate transfer tax by NOT recording the deed.
Essentially if I record now, I will have to pay $3k now and another 4k when I sell....
I am not sure if at the time of the sale, they buyer will require me to record my deed before the sale can occur.
The property is in NJ.
Please advise and offer opinion.