Posts with tag private transfer fees

Buried in the arcane pages of many homebuyers' contracts is a hidden fee with an equally esoteric name: private transfer fee covenants. Essentially, these cryptic addenda, which are still legal in more than 30 states, require payment to a third party every time the property changes hands. On average, these fees can average... Continue Reading »

You've probably never heard of them, but private transfer fee covenants exist in new-home real estate contracts in 45 states. These nasty little debt agreements hidden in the hundreds of pages of a new-home contract can mean someone gets a part of the profits on that home over a 99-year period. Now the Federal Housing... Continue Reading »

Apparently, developers feel they haven't been getting theirs. With new home development stalling, developers seem to think that the only way they can increase profitability is to build it into their work. Behold then, the latest financial scheme from the housing industry: a flip tax that gets paid to the developer every... Continue Reading »