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Updated over 2 years ago, 05/12/2022
Avoid double transfer tax?
I am trying to get to the bottom of this... Have not found a solution on the forums. I want to avoid double transfer tax in PA for a wholesale deal. I was told by a title company that I can use a novation agreement at the closing table to replace the original contract. I was told in the novation agreement there would be an assignment fee, I should not call it an assignment fee (not sure what other option there is... maybe transfer fee?). I wanted to know if anyone had feedback on this.