DOR Issues Ruling on Doc Stamps on Short Sales
Categories: In The News, Real Estate News, Title Information
hiThe Florida Department of Revenue (DOR) issued a ruling late Tuesday stating that doc stamp taxes owed on a short sale should be based on the sale price paid by the purchaser and not on the sale price PLUS any amount forgiven by the home seller’s lender. DOR’s ruling is effective immediately. A problem arose [...]
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Just When You Thought You Knew Everything There Is To Know About “Short Sales” …
Categories: Real Estate News, Title Information
hiThe Title Insurance Committee of The Florida Bar’s Real Property, Probate, and Trust Law Section just alerted me about a recent opinion given by the Florida Department of Revenue (DOR) in response to a “short sale” question. I was surprised by the DOR’s opinion and so I though it was worth “blogging” about. The DOR was [...]
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Reissue Rates – How to Save Big on Title Insurance
Categories: About EWM, Real Estate News, Title Information
hiReissue Rates are discounts off the standard premium charged on title insurance policies and are available in Florida. In fact, Florida has a mandated Reissue Rate for buyers and borrowers in the following instances, provided that you provide the title agent with a copy of the previous owner’s title insurance policy:
(1) a mortgage refinancing; [...]
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There Are New Rules For Completing The HUD
Categories: About EWM, Real Estate News, Title Information
hiIn case you haven’t heard, effective October 1, 2007, the Florida Legislature modified several title insurance statutes that specifically affect your buyers and sellers because they change the way the HUD-1 Settlement Statement (the “HUD”) is completed. This “new” way of completing the HUD is a result of new definitions that were given to title [...]
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