Trading places

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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 ?


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