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Updated over 9 years ago on . Most recent reply presented by

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101
Posts
28
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Matt Roberts
  • Investor
  • Philadelphia, PA
28
Votes |
101
Posts

Adding spouse to title

Matt Roberts
  • Investor
  • Philadelphia, PA
Posted

Hello BPers. My wife does not have a two year history at her job but the house is in her name and we would like to get a cash out/refi. I have a two year work history so I would like to add my name to the title. Are there tax implications to doing this? I read that there 'might' be a gift tax in Pennsylvania. We bought the house with cash before we were married and put it in her name because it was a first time home owner deal. 

Most Popular Reply

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4
Posts
2
Votes
David Moss
  • Investor
  • Pottstown, PA
2
Votes |
4
Posts
David Moss
  • Investor
  • Pottstown, PA
Replied

Matt, I believe you just need to do a bit of paperwork with the county Recorder of Deeds and have you wife sign off on getting you added to the deed. Shouldn't cost more than $50.

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