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Updated about 1 year ago on . Most recent reply

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Kenji Tominaga
  • Investor
  • Brooklyn, NY
13
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28
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County Mortgage Tax paid by the Buyer?

Kenji Tominaga
  • Investor
  • Brooklyn, NY
Posted

Hi masters,

I have a question about the county mortgage tax when purchasing a property.
I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.
If anyone has some knowledges to share with this, I would appreciate it.

  • Kenji Tominaga
  • Most Popular Reply

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    Jacob Sherman
    • 12 Penns Trail Suite 138 Newtown, PA 18940
    311
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    1,398
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    Jacob Sherman
    • 12 Penns Trail Suite 138 Newtown, PA 18940
    Replied

    depends on what the contract says if buyer or seller is paying it or split between the 2 parties

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