Posted by B.L.Renfrow on February 17, 2001 at 19:34:59:
Guess it depends upon where you’re located. Here in NY, if no consideration is paid, there is indeed no transfer tax due, just various recording fees which add up to about $50 on the average subject-to deal. Make sure your recorder’s office understands that no consideration was paid.
Best bet is to ask a local attorney, title company or another investor who does subject-to deals.