Do I need to pay closing costs if my sister is transferring ownership of a house and the loan? (I’m not buying, she is just giving it to me basically)

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Hi all,

Basically the title. My sister is transferring the ownership of the house as well as whatever is left on the loan. What are the costs I should be prepared to take care in this process? Will I pay taxes on it?

submitted by /u/elgroot007
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Hi all, Basically the title. My sister is transferring the ownership of the house as well as whatever is left on the loan. What are the costs I should be prepared to take care in this process? Will I pay taxes on it? submitted by /u/elgroot007 [link] [comments]

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