Home Selling in 34758>Question Details

libbybx3, Home Buyer in Kissimmee, FL

Who pays estoppel (recording)fees? If a community has 2-3 companies, does buyer have to pay to each as well as a transfer fee? A total of @ 350?

Asked by libbybx3, Kissimmee, FL Thu Feb 21, 2013

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Alan Martin, Broker, Orlando, FL
the seller normally pays for the estoppel. IF there is more than one assn then yes the could be more than one estoppel fee to pay. Transfer fees are mandated in the HOA or COA Docs but are only allowed if the Docs require buyer to be approved by HOA or COA. Recording fees are usually on the buyer side of the HUD.
Hope this helps
0 votes Thank Flag Link Thu Feb 21, 2013
Read my blog on this:
http://www.trulia.com/blog/mark_lemenager/2011/09/closing_co…

Typically the seller pays, but all costs are negotiable. Read you contract.
0 votes Thank Flag Link Thu Feb 21, 2013
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