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

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 5 years, 12 months ago.



  • Author
    Posts
  • #255710

    Anonymous

    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?

    Thanks!



You must be logged in to reply to this topic.

Register New Account
Reset Password