TITLE

HUD-1 & GFE Good News: Conveyance Fee Tax is a Seller's Charge in Ohio!

AUTHOR(S)
Stevenson, Scott
PUB. DATE
April 2010
SOURCE
Title Topics: Ohio Land Title Association;Apr2010, Vol. 77 Issue 4, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers developments and clarifications on the new Good Faith Estimate (GFE) and Housing and Urban Development (HUD)-1 Settlement Statement. The author mentions the transfer of Real Estate Settlement Procedures Act (RESPA) Director Ivy Jackson to another department of the HUD. Also noted in this section is the adoption of the term "common practice" by the HUD regarding the issue of Transfer Taxes in GFE: Block 8. The article also explains the Ohio law provision which requires the property seller to pay conveyance fee tax or transfer tax.
ACCESSION #
50229524

 

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