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Denial of Realty Transfer Fee Exemption for Fannie Mae and Freddie Mae

We have received the following Underwriting Communication from First American regarding the actions of a few County Clerks to refuse to record deeds from Fannie Mae and Freddie Mac where those institutions attempt to claim an exemption from the Realty Transfer Fee. Please click here to view the underwriting communication.

We want to alert our clients and friends of this important development. For more information or questions regarding this development please contact CB Title at (973) 921-0990

This article is courtesy of CB Title Group, LLC. This article is for informational purposes only and is not intended to provide legal advice, but rather to provide insight into legal developments and issues that may be useful to our clients and friends. In no circumstance is this article intended to be a full treatment of the above subject matter. Reader is advised to obtain additional information as noted.