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)

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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