[Chat] RE: Recordation fees?
John Spurrier
jfspur at hotmail.com
Mon Jan 12 15:04:33 EST 2004
>So what's a recordation and a "HELOC" that Christine mentioned?
When a property is sold in Maryland details of the transaction become public
knowledge at the time the deed is recorded at the local courthouse or land
records office. Of course the city or county and state will take their
share of the transaction by collecting a recordation and/or transfer tax.
Christine is probably applying for a home equity line of credit.
John
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