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  • ipso
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Can Title Co. Charge higher rate for transfer tax than county charges

Georgia Loan amount $151,500.00 transfer tax s/b $454.50 Final HUD at closing charges $501.50 can I get refund from tilte company?

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January 28 2012 - US
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They can do both. Make sure your payoff goes out with next day priority.

Line 1201 is normal.
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January 29 2012
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  • ipso
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loan will fund tomorrow should I wait for it to fund so I don't pay another month of interest on FHA or have them correct the HUD 1 now?
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January 29 2012
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  • ipso
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is the $68 charge in line with GA cost?
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January 29 2012
Neither the lender nor the Closing Attorney can calculate the intangible tax, line 1203 should be $454.50 and no they can not overcharge.
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January 29 2012
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  • ipso
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 GFE was $499.50; they were $3 above GFE and refunded $3.  Question is did they overcharge?

1201 - $68
1203 - $502.50
1206 - $10
1207 - $7

I was on the web and a search revealed transfer tax on for $151.5K in GA should be $454.50; can title company inflate the charges?


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January 29 2012
What was the amount the amount shown on the initial GFE?  This fee is a "no tolerance" fee, and any amount charged on the GFE greater than the initial disclosure is to be refunded by the lender.
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January 29 2012
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penny wise and pound foolish. you just signed a contract worth 150,000 plus interest, and are complaining about 47 dollars.
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January 29 2012
So does line 1203 show $501.50? You have a difference of $47, if they are collecting $10 Georgia Residential Loan Fee and $37 for recording on line 1201, then that is normal.
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January 29 2012
 
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