Finance (alternative)
In Maryland, 'seller-paid buyer closing costs' are also called:
ATransfer taxes
BSeller concessions✓ Correct
CRecordation fees
DOrigination credits
Explanation
Seller concessions are amounts the seller agrees to pay toward the buyer's closing costs, reducing the buyer's out-of-pocket costs at settlement. They are limited by loan type and percentage.
Related Maryland Finance (alternative) Questions
- Maryland's transfer and recordation taxes must be paid at the time of:
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