Current through 2024 Legislative Session Act Chapter 531
Section 2577 - ExemptionsThis subchapter shall not apply to the following transfers of residential real property:
(1) Transfers governed by the Delaware Out-of-State Land Sales and Promotions Act [repealed] where the property disclosure report required by that law is provided to a prospective purchaser.(2) Transfers pursuant to court order such as transfers ordered by the Court of Chancery in the administration of an estate, trust or guardianship or pursuant to a Writ of Execution, by a trustee in bankruptcy or a receiver, by eminent domain, and transfers resulting from a decree for specific performance.(3) Transfers to a mortgagee by a mortgagor in default by a deed in lieu of foreclosure.(4) Transfers by any sheriff's sale for default on an obligation secured by a mortgage, judgment, tax or other lien.(5) Transfers by a fiduciary in the course of the administration of the decedent's estate, guardianship or trust.(6) Transfers from one co-owner to one or more other co-owners.(7) Transfers made to a spouse or to a person or persons in the lineal line of consanguinity of one or more of the transferors.(8) Transfers between spouses resulting from a property settlement incident to a divorce.(9) Transfers to or from any government entity. 69 Del. Laws, c. 86, §2.;