The Home Equity Theft Reporter: Doc Stamp Calculation On Florida Short Sales To Be Based On Price Paid By Buyer, Not Seller’s Higher Mortgage Balance

The Home Equity Theft Reporter: Doc Stamp Calculation On Florida Short Sales To Be Based On Price Paid By Buyer, Not Seller’s Higher Mortgage Balance

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Higher limitations apply if you’re deducting mortgage interest from indebtedness incurred on or before December 15, 2017. Also, you can no longer deduct interest on a home equity loan. See chapter 24. You can no longer deduct a personal casualty or theft loss unless the loss is from a federally declared disaster. See chapter 26.

If there is no financing involved, then the documentary stamp tax will be calculated based upon the sales price of the property itself at a rate of $0.70 per $100 of value. The only county in Florida with a different schedule is free-thinking Miami Dade County where the rate is $0.60 per $100 of value when the property is a single family residence.

The Home Equity Theft Reporter: Doc Stamp Calculation On Florida Short Sales To Be Based On Price Paid By Buyer, Not Seller’s higher mortgage balance mortgages for Self Employed | ChrisLuis.com compartment articulator: immoral downy

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The tax in most Florida counties is $0.70 for every $100 of the home’s purchase price, which is also known as the deed’s consideration. In Miami-Dade, that rate drops to $0.60 per $100. For example, if you purchase a home through most of Florida for $250,000, the documentary tax stamp rates will be $1750.

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