Real estate blog entries tagged with relocation by Diane Cipa (The Closing Specialists®)

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Home : Blogs : Diane Cipa : Diane's Blog : Tag "relocation"

relocation: PA Transfer Tax - new rules that impact relo deals and contract assignments - 08/09/08 01:17 PM

I just received a memorandum from one of our title underwriters. It’s important info if you are involved in purchase transactions in PA with an assignment of interest or contract. The PA Dept. of Revenue issued an amended rule on transfer tax regulations last December. The effect of that change is just now being fully digested - probably because someone was audited post closing. Yes, our Dept. of Revenue routinely audits transfer tax remittances. We process a few every year.
First, let me say that title insurance does not cover transfer tax so mistakes aren’t a claim issue. I think mortgage … (0 comments)

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Diane Cipa

Ligonier, PA

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The Closing Specialists®

Address: 204 West Main Street, Ligonier, PA, 15658

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