Legal Question in Real Estate Law in California

If you have a interfamily transfer and dissolution title on an owned home what does that mean?


Asked on 5/18/14, 10:03 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

It means that the current owner obtained title as a result of a transfer between family members and/or as the result of a dissolution of marriage. Such transfers are usually not arms'-length sales at prices reflecting true market value, and hence the documents used to record them may carry such a specification so no one will use them as representative of the market, nor will the property taxes be adjusted as a result of such a transfer and recording.

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Answered on 5/19/14, 7:42 am


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