re conveyance fees: Real Estate Transfer Fees? Capital Recovery Fees? - 08/28/10 08:43 AM
Real estate transfer fees, capital recovery fees, and re conveyance fees, are terms most consumers have never heard of. These fees are typically imposed on the sale or resale of a home, and were likely originated by a builder or developer to recover costs associated with building. These costs can include streets, sewers, and other infrastructure items.
Real estate transfer fees tend to range from one quarter of one percent of the sales price, to a full one percent of the sales prices. Furthermore, the fee will be charged every time the home changes hands for ninety nine years. More often … (1 comments)