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I think I will need to contact the Tax Department for this one but wanted to see if anyone else had experience or thoughts on this first (or can point me to a resource for finding the answer). Real property is currently held by Grantor's Revocable Living ...

Damian, I put in the consideration line something to the effect of: "in consideration of the satisfaction and discharge of the indebtedness evidenced by that certain mortgage deed dated __ and recorded in Book __, Page __ of the ___ land records," ...

"Transfers between the obligor and the primary obligee arising out of a foreclosure proceeding or conveyance in lieu of foreclosure " are exempt from Transfer tax under 32 VSA sec. 9603(18). When claiming this exemption, do folks take additional steps ...