Country Transer Taxes and City Transfer Taxes

Credit and mortgage advice Forums Buying Your Home Buying a Home in Los Angeles Country Transer Taxes and City Transfer Taxes

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    Hi – I am a buyer. In Purchase agreement the Seller has agreed to pay for the “County transfer tax or fee and City transfer tax or fee” (Clause 4D1, 4D2, Page 2).

    In the GFE that I have received from the lender “Transfer taxes” have been mentioned which I have to pay (?). The explanation of Transfer taxes in GFE is given as ‘These charges are for state and local fees on mortgages and home sales’.

    My question is: Are the Transfer taxes same as the County, City transfer Taxes that seller has agreed to pay in contract? If yes then, Should I ask the lender to revise the GFE?


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