Documentary transfer tax

[Doug Wegener]

This is a question for california appraisers. I am investigating a sale for some relatives.it was a non-MLS sale and the documentary transfer tax indicates the property sold for $770000 (10 acre vacant site in Riverside County).When confirming on seller side the agent for the LLC did say it sold for "something like that". He was not that cooperative and that was all I could get out of him. The deed only lists one parcel.
..Buyer on the other hand tells me another parcel was involved. But he has good reason to lie about. My question (hope I am being clear) is would both parcels have to be on the deed if it was one transaction? Seems to me like they would or they would be paying the documentary transfer tax twice. Any insight appreciated

 

[KHS445]

Lots of possibilities. Could be two deeds, with the second one not yet recorded. Could be an unrecorded mortgage or land contract covering the second parcel. Are all suspected properties located within the same jurisdiction? Check for updated assessment records and/or talk with the Assessor. Sometimes the Assessor will have more information regarding various transfers than it what is actually recorded. Does the reported sale price, based on the transfer stamps make sense?

And maybe, just maybe the buyer and seller don’t want noisy people finding out the details of the transaction. Now if your relatives have a legitimate and legal reason for knowing the details of the transaction there is always the Court system.

 

[Tom D]

Get a copy of the title report. Call them, unless they didn't get new title insurance.

 

[glenn walker]

This is a question for california appraisers. I am investigating a sale for some relatives.it was a non-MLS sale and the documentary transfer tax indicates the property sold for $770000 (10 acre vacant site in Riverside County).When confirming on seller side the agent for the LLC did say it sold for "something like that". He was not that cooperative and that was all I could get out of him. The deed only lists one parcel.
..Buyer on the other hand tells me another parcel was involved. But he has good reason to lie about. My question (hope I am being clear) is would both parcels have to be on the deed if it was one transaction? Seems to me like they would or they would be paying the documentary transfer tax twice. Any insight appreciated

Remember Riverside County is one that can sometimes show twice the transfer amount instead of $1.10 per thousand like most Counties in California it's $2.20 per thousand and so be careful. But no you can record as two deeds. My guess is you may not have the correct sales prices lots of deals down there are hinky....lol

 

[Terrel L. Shields]

Look up the deed or deeds...

 

[Doug Wegener]

Remember Riverside County is one that can sometimes show twice the transfer amount instead of $1.10 per thousand like most Counties in California it's $2.20 per thousand and so be careful. But no you can record as two deeds. My guess is you may not have the correct sales prices lots of deals down there are hinky....lol

It shows the amount of tax and assessor shows price as $770,000 . It is$1.10 per thousand and tax amount supports $770,000. The only question is whether there was more than one parcel involved. Deed says only one parcel. Buyer says more than one parcel involved. Is he lying??...Not sure at this point.

 

[Tom D]

So you think the tax bill should have been broken down. I've never seen a transfer tax broken down, just 1 total payed on the books. Taxing authoriries records only care about the total owed, not how they got there.

 

[Doug Wegener]

I don't think anything. Deed shows one property and the tax.

 

[Artemis Fowl]

I don't think anything. Deed shows one property and the tax.

If only 1 parcel is referenced in the deed...then it's one. Is the legal the same? Was there a combination prior to sale? If yes and no...it's just the one. Is there another deed out there? If you can't find it...someone else will have the same issue. I see homeowners all the time that think they own stuff they don't...it's actually usually their neighbors who come in.

 

[Sadie]

This is a question for california appraisers. I am investigating a sale for some relatives.it was a non-MLS sale and the documentary transfer tax indicates the property sold for $770000 (10 acre vacant site in Riverside County).When confirming on seller side the agent for the LLC did say it sold for "something like that". He was not that cooperative and that was all I could get out of him. The deed only lists one parcel.
..Buyer on the other hand tells me another parcel was involved. But he has good reason to lie about. My question (hope I am being clear) is would both parcels have to be on the deed if it was one transaction? Seems to me like they would or they would be paying the documentary transfer tax twice. Any insight appreciated

Call the county, they should be able to tell you if you can's find it out online. If they transferred together, they should have one document (deed) number or it should say multiple parcels.