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Government Recording and Transfer Fees
These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage. Transfer taxes, which in some localities are collected whenever property changes hands or a mortgage loan is made, can be quite large and are set by state and/or local governments. City, county and /or state tax stamps may have to be purchases as well.
These serious of the Good Faith Estimate are the 1200 series.
1201 Recording fees – Charge by the county courthouse to record the Warranty Deed and Deed of Trust papers after you close the loan.
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The tips on this website should be considered food for thought only. Goodfaithestimate.biz is a clearinghouse of ideas, not a professional adviser. Before any important decision, please consult the appropriate professionals (lawyer, accountant, real estate agency, broker etc.).
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