Trading places

Posted by Jack on September 10, 1998 at 17:00:14:

Is it possible for two interested parties to exchange homes
without buying and selling ? The idea is to somehow preserve
the current property tax assessments. Or does one HAVE to
triple his property tax bill in any exchange, by law ? (that
question was sarcastically rhetorical)

Would it also be possible to switch the properties on the
outstanding mortgages too ? Provided, of course, that the
present property values are higher than the outstanding
balances, would the banks be willing and able to switch the
properties securing the loans ?

Jack

Follow Ups:

• Re: Trading places Christine Baker 23:14:28 9/10/98 (3)
  • Re: Trading places Jack 10:50:09 9/11/98 (1)
    • Santa Clara Co., CA: buy your parents' house and avoid property tax reassessment Christine Baker 17:20:28 9/16/98 (0)
  • Re: Trading places Teresa Sorg 08:53:12 9/11/98 (0)

Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:
: Is it possible for two interested parties to exchange homes
: without buying and selling ? The idea is to somehow preserve
: the current property tax assessments. Or does one HAVE to
: triple his property tax bill in any exchange, by law ? (that
: question was sarcastically rhetorical)

: Would it also be possible to switch the properties on the
: outstanding mortgages too ? Provided, of course, that the
: present property values are higher than the outstanding
: balances, would the banks be willing and able to switch the
: properties securing the loans ?

: Jack


Optional Link URL:  
Link Title:         
Optional Image URL: