Who pays for transfer tax at a foreclosure auction - Posted by brian_wa

Posted by Ed Copp (OH) on November 17, 2005 at 07:28:45:

Not sure about your state, but in my state this sale is tax exempt.

Who pays for transfer tax at a foreclosure auction - Posted by brian_wa

Posted by brian_wa on November 17, 2005 at 01:46:00:

Let say I’m the owner of a note and I’m foreclosing on the property. This property is in Washington State by the way. If nobody bids at the auction, then the trustee would give me the deed. Well, who’s going to pay for the transfer tax when this deed is recorded?

Brian

xfer - Posted by Mike (Seattle WA)

Posted by Mike (Seattle WA) on November 17, 2005 at 13:09:17:

Auction properties in Wa are exempt from transfer tax.