Asked by Maggie, South Gate, CA • Tue Sep 16, 2008
My parents basically sold their house to my brother and a friend of theirs in 1994. At this time they would like to remove both my brother and their friend from both title and loan and have only my mother as owner. I called the assesors office and was told that if we submitted a form for prop 58 they would not re-evaluate, but because their friend is on title that might trigger a review. My parents are low income and cannot afford an increase in their expenses, can this be done without a change in annual taxes? If a change is required how can I calculate an estimate? Please advise. Any guidance is appreciated.
Real Estate in South Gate
Popular Categories in 90280
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!