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Reply to "Selling property tax question"
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[quote=Anonymous]The $1 consideration thing is really just a first year law student fact pattern to illustrate a common law transaction. You have to give up something in return for getting something for a contract to be valid. But the fact that you are not actually vacating the property is a problem--Did you record the deed under your son name yet? If not just tear it up. Both parties can rescind a contract by mutual agreement. Breathe. Next time don't take advice from your beautician who knew a guy who knew a guy who was a lawyer :wink: [/quote]
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