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[+] MORTILES - Deborah Jackson/GA (12 replies)
9/6/2012 10:33:19 AM (5678 views)

[-] Avoiding transfer tax? - Alix Ott/MI (9 replies)
9/5/2012 4:25:05 PM (2227 views)
Re: Avoiding transfer tax? - Leigh Attridge/MA
9/5/2012 7:53:16 PM (1900 views)
Re: Avoiding transfer tax? - Alix Ott/MI
9/6/2012 8:08:31 AM (1800 views)
Re: Avoiding transfer tax? - Leigh Attridge/MA
9/6/2012 8:58:42 AM (1769 views)
Re: Avoiding transfer tax? - Alix Ott/MI
9/6/2012 9:08:27 AM (1701 views)
Re: Avoiding transfer tax? - Leigh Attridge/MA
9/6/2012 9:26:30 AM (1759 views)
Re: Avoiding transfer tax? - Richard Olson/MD
9/6/2012 12:00:18 AM (1791 views)
Re: Avoiding transfer tax? - Alix Ott/MI
9/6/2012 8:10:23 AM (1714 views)
Re: Avoiding transfer tax? - Robert Franco/OH
9/6/2012 3:48:03 PM (2005 views)
Re: Avoiding transfer tax? - Jeffrey Land/NJ
9/10/2012 10:16:44 AM (1629 views)

In situations like this, I make sure it is the seller signing the "Statement of Value" [PA] or the "Affidavit of Consideration" [NJ] so any tax questions become between them and the taxing authority instead of the title company and the taxing authorities.  In PA, the tax is based either on the sales price or the equilized value of the property according to the Common Level Ratios established by the commonwealth's revenue department.  Which ever is higher, is supposed to be what is charged.  Even though Statements of Value and Affidavits of Consideration are not always required, it is permissable to do them, and if I had a similar situation as you, I would certainly use one signed by the seller.  And then leave it up to the taxing authorities to sort if all out.  We are title agents, not tax consultants.

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[+] I'm registered for the NAILTA Conference in Baltimore! - Robert Franco/OH (1 reply)
9/4/2012 11:39:30 AM (3573 views)

In Ruined Apartments A Symbol of Ireland's Fall - Leigh Attridge/MA
9/3/2012 3:08:55 PM (3555 views)

Labor Day - Leigh Attridge/MA
8/28/2012 2:43:26 PM (3137 views)


Real Title Services


[+] jack munsey - SC - Jason Knowles/AL (16 replies)
8/27/2012 3:29:22 PM (3752 views)

[+] New Millenium - Lucille Femine/TN (5 replies)
8/26/2012 3:03:15 PM (2580 views)

[+] Romney promises energy independence by 2020 - Scott Perry/PA (6 replies)
8/24/2012 9:50:47 AM (3648 views)

[+] Beware J&J Nationwide - Kendall Bond/CA (1 reply)
8/22/2012 2:20:17 PM (2493 views)

[+] First American - Lucille Femine/TN (12 replies)
8/21/2012 7:04:26 PM (3118 views)

[+] Comment on "Foreclosure Rescue Scam Principal Loses Own Foreclosure Case" - Source of Title/OH (1 reply)
8/21/2012 4:26:53 PM (2256 views)

CO2 emissions in US drop to 20-year low - Scott Perry/PA
8/21/2012 9:08:58 AM (3181 views)

[+] Comment on "MBA Statement on CFPB's Proposed Mortgage Servicing Rules " - Source of Title/OH (1 reply)
8/20/2012 12:31:39 PM (2206 views)

rjf title agency, llc - Angela Culotti/NY
8/20/2012 11:27:11 AM (1992 views)

[+] Amerisave's New Closing Policy - Jeffrey Land/NJ (5 replies)
8/20/2012 10:16:13 AM (4295 views)


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