Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

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

User Stats

136
Posts
5
Votes
Mike Nelson
  • Investor
  • Miami, FL
5
Votes |
136
Posts

Doc Stamp Tax in Florida for Quit Claim Deed Name off title

Mike Nelson
  • Investor
  • Miami, FL
Posted

I have a question on a Florida property I am looking at.  The husband and wife own a townhome together.  They want to sell to me, and purchase another home at the same time.  The husband and wife are both on title for the townhome, but the current mortgage is ONLY in the Husbands name.  To qualify for a loan on the new home the Wife will buy separately, but needs to be dropped from the title of the current townhome.  Is there any special provision that allows a name to be dropped from title and not have to pay doc stamp taxes?  especially since she is not tied the current mortgage?

Loading replies...