The Home Equity Theft Reporter: Doc Stamp Calculation On Florida Short Sales To Be Based On Price Paid By Buyer, Not Seller’s Higher Mortgage Balance

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JPM conference call comments on Foreclosure-Gate JPMorgan’s shares dropped 0.9 percent to $53.90 at 11:52 a.m. in New York, compared with a 0.7 percent decline in the kbw bank index. kristin lemkau, a spokeswoman for the bank, didn’t respond to a.

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If there is no financing involved, then the documentary stamp tax will be calculated based upon the sales price of the property itself at a rate of $0.70 per $100 of value. The only county in Florida with a different schedule is free-thinking Miami Dade County where the rate is $0.60 per $100 of value when the property is a single family residence.

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Approximate Date of Commencement of Proposed Sale to the Public: As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this form.

Short sale can be a win-win-win – for buyer, seller, and mortgage alike.. A short sale is when a home owner sells his or her property for less than the. In a short sale, those fees and commission are paid by the bank.. often asking for a higher sales price than the home seller (including the insistence that.

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Determining Your Home’s Tax Basis.. plus the amount that still must be paid on the mortgage. Example: Jan buys her home for $60,000 cash and assumes a mortgage of $240,000 on it.. Her total taxable profit on the sale is only $10,000 (her profit is the sales price minus the home’s tax basis).

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