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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
In the legal code of the United States, a money transmitter or money transfer service is a business entity that provides money transfer services or payment instruments. [1] Money transmitters in the US are part of a larger group of entities called money service businesses , or MSBs. [ 2 ]
The scam is often run on vacant land or unoccupied vacation homes, but not always: In one recent case in North Carolina, a woman managed to obtain the title to a multimillion-dollar house despite ...
The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
Real estate transfer tax can be appointed by the authorities of state, county or commune when a real estate property is being transferred within a certain jurisdiction. Subjected to the tax is usually the act of transfer of legal deeds, certificates and titles to a property that are being shifted between the seller and the buyer.
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A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today's world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate.
Transferring money between banks can happen instantly or take a few business days, depending on the type of transfer you choose. Here’s a quick comparison of different types of bank-to-bank ...