There are times when a home-owner may want to modify the title for their property. It is important to consider the tax implications that may arise from such a change by consulting with an accountant.
The best time to fully vet and decide how to take title to a property is prior to entering into the sales agreement. There are a number of ways to take title to Florida real estate. You should weigh the potential advantages and limitations of each. You should also consider consulting with an attorney versed in real estate to do a thorough review of which arrangement makes the most sense for your specific needs.
Here are common options:
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