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    lriken's Avatar
    lriken Posts: 1, Reputation: 1
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    #1

    Feb 8, 2007, 12:14 PM
    Quit Claim Deed
    I recently took my fiance's name off the deed to my house using a Quit Claim Deed. Palm Beach County stepped in and re-assessed the value of my home because they said it constituted a sale. I thought a Quit Claim Deed basically is a transfer of interest and does not constitute a sale. Please advise!
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Feb 8, 2007, 12:15 PM
    A transfer of interest is a sale. The sale can be made for consideration (such as money) or for no consideration (such as a gift) but it is still considered a sale.
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