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Updated 12 months ago on . Most recent reply

Kenji Tominaga's profile image
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Kenji Tominaga
  • Investor
  • from Brooklyn, NY
  • Member since May 19, 2023
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Kenji Tominaga's profile image
Kenji Tominaga's profile image
Kenji Tominaga
  • Investor
  • from Brooklyn, NY
  • Member since May 19, 2023
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Kenji Tominaga
  • Investor
  • Brooklyn, NY
13
Votes |
28
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Private Lending & Conventional Mortgage Advice

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
    • New York City, New York
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    Jacob Sherman's profile image
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    Jacob Sherman
    • from 12 Penns Trail Suite 138 Newtown, PA 18940
    • Member since Nov 26, 2023
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    Jacob Sherman's profile image
    Jacob Sherman's profile image
    Jacob Sherman
    • from 12 Penns Trail Suite 138 Newtown, PA 18940
    • Member since Nov 26, 2023
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    Jacob Sherman
    • 12 Penns Trail Suite 138 Newtown, PA 18940
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    Jacob Sherman
    • 12 Penns Trail Suite 138 Newtown, PA 18940
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    depends on what the contract says if buyer or seller is paying it or split between the 2 parties

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