I bought an apartment building with a partner, now he wanted to sell the apartment, because he is a realtor, he makes money by selling and buying. But I don't want to sell. So we are agreed upon the market value, i will buy his 25% and owner the whole building and continue the loan ( in both names). But we don't know how to proceed. any idea? title company said: he will quick claim deed to me. but I have to pay title insurance, escrow fee, city and county transfer tax, county record fee.... total $3500. I am not sure if that is necessary.
Ownership change question
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• U should save that, always some risk for anything, even walking -USATiger- ♂ (0 bytes) () 02/20/2020 postreply 20:32:00
• not understand your comments. -meowi- ♀ (0 bytes) () 02/20/2020 postreply 20:51:21
• 讓你不花錢錢錢 -USATiger- ♂ (0 bytes) () 02/20/2020 postreply 20:53:00
• i see. thank you. -meowi- ♀ (0 bytes) () 02/20/2020 postreply 21:01:30
• Yes, it is necessary -檸檬椰子汁- ♂ (1122 bytes) () 02/21/2020 postreply 06:12:45
• thank you. understand now. -meowi- ♀ (0 bytes) () 02/21/2020 postreply 09:21:59
• Transfer of Ownership without Escrow: It can be done with cautio -Hadrian- ♂ (1076 bytes) () 02/21/2020 postreply 10:03:24
• 如果房子是在LLC名下好像就不用這些花費了 -freedom321- ♂ (0 bytes) () 02/21/2020 postreply 13:44:07