Property Taxes This is the one closing cost that is often prorated between the buyer and seller. If the seller has already paid the annual property taxes, the buyer typically reimburses the seller for the period in which the buyer will be occupying the property. Likewise, if the taxes have not yet been paid, the seller typically reimburses the buyer for the period in which the buyer occupied the property.
Transfer Taxes and Recording Fees This is the cost for transferring ownership of the property and recording the purchase documents. The fee is often calculated as a percentage of the sales price.
Net America Lending Office: (619) 209-5200 x 104 Mobile: (619) 410-8777 Fax: (619) 330-2850 Laurel@4mymortgageconsultant.com 2655 Camino del Rio North, Suite 440 San Diego, CA 92108
