Real estate blog entries tagged with danbury ct short sales by Dana Voelzke, Danbury CT Residential Lending (Union Savings Bank (203) 733-9408)

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Home : Blogs : Dana Voelzke, Danbury CT Residential Lending : Greater Danbury CT Residential Lending (203) 733-9408 : Tag "danbury ct short sales"

danbury ct short sales: Connecticut eliminates conveyance taxes on short sales and deeds in lieu - 09/29/10 09:52 AM

If you are considering selling your home as a short sale or conveying it back to the bank via a "deed in lieu" of foreclosure you will not have to pay the State of CT conveyance tax of 0.5% of the sales price. There is also a municipal conveyance tax of 0.25% in most of the towns which is also exempt.
If you are buying a foreclosure often times the bank would push this tax on to the buyer. Since it no longer applies it will reduce that cost.
Remember that when selling your home you need to check with your … (5 comments)

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