11-4-19 Growing Real Estate Transfer Tax Trends and the Risk they Represent

In this episode of Lykken on Lending we have 2 guests: Liz Gilchrist Kelly, Director of Research for Ernst Fee Service at Black Knight, and Jan Dalton Clark, Senior Vice President of Sales & Marketing for Ernst Fee Service at Black Knight.

The growing trend of localized and graduated and otherwise hyper-specific tax transfer rates represents both a significant financial risk to lenders as well as an incredible operational challenge. A single mistake could cost a lender tens of thousands of dollars in fee cures at closing – hundreds of thousands in some large metros. 

Topics Covered in this Episode:

1. Trends to watch with regard to property transfer taxes,
2. Challenges, losses, and risks faced by lenders in this area,
3. What lenders should do to protect against these losses and stay on top of changes.

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