Failure to Transfer Title within 30 days and the penalties

[Terry Drake]

I live in Florida and was wondering why kind of penalties I'm facing. I date on my purchase agreement (when I bought the home from the sellers) is dated 4-22-10. I didn't transfer title to my name to avoid paying the transfer fees and a year of registration.

I'm going tomorrow to transfer title to the new buyer and I'm wondering since I'm past past the 30 day window what type of penalty I should expect to pay. Any ideas? I was thinking about changing the 'date of possession' on the purchase agreement but I'm not sure and don't want to make a small problem bigger by fudging numbers.

Does anybody know?

[Terry Drake]

Originally posted by Financexaminer:

Good News Terry, that didn't hurt ya at all! LOL As to April or May, possession may not have anything to do with taking your interest in the property, but I'm not trying to split hairs here. I hope my comments were taken as meant to be gievn, in a positive light that when we screw up, and everyone has, that it's best to face it off at that point and move on, just as you have by calling them! Good luck, Bill

Of course not! I am extremely appreciative of any knowledge, experiences, or advice shared! Please don't ever hold back on the account of my feelings :D