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Transfer tax on a mortgage refinance

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Steve B Guest	Posted: Wed Aug 18, 2010 5:57 pm    Post subject: Transfer tax on a mortgage refinance Like 0 Dislike 0 When refinancing a mortgage where there is no transfer of title, is there still a transfer tax levied at closing? This is for the state of Florida
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Aug 18, 2010 9:30 pm    Post subject: Like 0 Dislike 0 Hi Steve! Welcome to forums! If the property is not being transferred to someone else, then the parties who are refinancing the loan will not be liable for paying the property transfer tax. Feel free to ask if you've further queries. Sussane
Tillbilly5 Guest	Posted: Sat Sep 11, 2010 10:57 am    Post subject: Florida Transfer Tax Like 0 Dislike 0 I am refinancing a home in Florida. It is my understanding that if the property deed is not being transfered then the tax does not apply. What if the deed is in the wifes name and for the purposes of the refinance we are adding a spouse to the deed to satisfy the transaction?
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Mon Sep 13, 2010 3:28 am    Post subject: Like 0 Dislike 0 If a person is being added to the property deed at the time of refinancing, then the person will have to pay the transfer taxes. _________________ Good is the Enemy of Great.
Jeannie Onasch Guest	Posted: Wed Aug 03, 2011 11:35 am    Post subject: transfer tax in Florida on refinancing Like 0 Dislike 0 It might also be added that apparently there is a transfer tax if you refinance and go from a title in a person's name to a title in that person's TRUST. Cute way to tax people!
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Thu Aug 04, 2011 2:11 am    Post subject: hi Steve B! Like 0 Dislike 0 I have to agree with Sussane. You don't have to worry about paying property transfer tax since you are not going to transfer the property to someone else. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

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