Escrow & Title
At a NJ residential closing, the seller customarily pays the:
ALender's title insurance premium
BRealty Transfer Fee✓ Correct
CRecording fees for the new mortgage
DHome inspection fee
Explanation
By custom and statute in NJ, the seller pays the Realty Transfer Fee (RTF) at closing. The buyer typically pays lender's title insurance and recording fees for the new mortgage.
Related New Jersey Escrow & Title Questions
- A NJ attorney conducting a real estate closing will typically review the HUD-1 or Closing Disclosure (CD) to verify that:
- New Jersey is an 'attorney state' for real estate closings. This means:
- An owner's title insurance policy in NJ protects:
- A lis pendens is:
- In New Jersey, a lis pendens recorded against a property provides notice that:
- A lender's title insurance policy in New Jersey protects:
- In New Jersey, the recording of a deed in the county clerk's office provides:
- A title search in New Jersey involves examining public records to determine:
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