What's involved in gifting land to a relative?
Written By: admin on October 17, 2009
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My parents want to gift one acre of land to me. They own 20 acres with a house on it, outside city limits. They still carry a mortgage on the land, but have over 0k in equity. The single acre has an appraised value of k.
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Tags: acre of land, city limits, land mortgage, mortgage, parentsTags: acre of land, city limits, mortgage, parents
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