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Updated over 9 years ago on . Most recent reply

Mike Rash's profile image
Mike Rash's profile image
Mike Rash
  • Real Estate Investor
  • from Livingston, NJ
  • Member since Nov 6, 2010

User Stats

24
Posts
1
Votes
Mike Rash's profile image
Mike Rash's profile image
Mike Rash
  • Real Estate Investor
  • from Livingston, NJ
  • Member since Nov 6, 2010
Mike Rash
  • Real Estate Investor
  • Livingston, NJ
1
Votes |
24
Posts
Foreclosures

Recording the DEED

Mike Rash
  • Real Estate Investor
  • Livingston, NJ
Posted

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.

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