Can I sell my home to another family member while ... - Zillow Real ...

If you sell it to her for $500, there are two things to be note:

1.? Your mortgage is likely due when you sell it, not something you can pay over the next few years.?

2.? You are likely to owe gift taxes on the difference between market value and purchase price.??

Please review your proposal with an attorney.

Source: http://www.zillow.com/advice-thread/Can-I-sell-my-home-to-another-family-member-while-i-am-in-bankruptcy/462025/

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