Posted by BTI on November 15, 2006 at 24:29:40:
Matt
Get hold of your old attorney, most places exempt interspousal transfers and that was probably the law, but just maybe some piece of paper was overlooked. When you say Chicago, I don’t think much of the people running the place and I don’t doubt someone is screwing up somewhere.
BTI
Transfer Tax on Quit Claim Deed?? - Posted by matt
Posted by matt on November 14, 2006 at 11:07:30:
7 years ago my ex wife signed a QC Deed to me for our marital residence, as part of the divorce agreement. The form said “Tax Exempt” and the lawyer said no tax was due.
Now, I get a tax bill from the city of Chicago demanding $4110.10 for tax, penalty,interest and willful negligence.
Is this for real? At the time, transfers resulting from divorce agreements were supposedly exempt.
I did refinance the mortgage. (Purchase 180,000, mortgage, 172,00 at time of transfer.)so it was not a free and clear deed. I sold this year, and no liens appeared on the title. and now I live out of state.
Thanks,
matt