Paying Doc Stamps on Short Sales

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Paying Doc Stamps on Short Sales

The Florida Department of Revenue has cleared up what was becoming a major issue in handling short sales. They have ruled that the amount of Doc Stamps due is based on the amount actually paid by the buyer and does not include any amount forgiven by the lender. For awhile many closing agents had different views on this but now everyone is on the same page. This is great news for seller's in this challenging market.

Posted by Joseph Santini - Boca Raton Waterfront Expert on 12/26/2008 09:24 AM

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boca raton, south florida, real estate, palm beach county, florida, short sales, doc stamps, lenders, department of revenue

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This post has been included in Florida Real Estate News Palm Beach County, FL Real Estate News Boca Raton, FL Real Estate News

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Joseph Santini - Boca Raton Waterfront Expert

Boca Raton, FL

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Mizner Grande Realty - Boca Raton, Florida Waterfront Expert

Address: 155 NE Spanish River Blvd., Boca Raton, FL, 33431

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