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

Published: Nov. 4, 2019, 6 p.m.

In this episode of Lykken on Lending we have 2 guests:\xa0Liz Gilchrist Kelly,\xa0Director of Research for Ernst Fee Service at Black Knight, and\xa0Jan\xa0Dalton\xa0Clark,\xa0Senior Vice President of Sales & Marketing for Ernst Fee Service at Black Knight.\n\nThe 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\xa0fee cures at closing\xa0\u2013 hundreds of thousands in some large metros.\xa0\n\nTopics Covered in this Episode:\nTrends to watch with regard to property transfer taxes,Challenges, losses, and risks faced by lenders in this area,What lenders should do to protect against these losses and stay on top of changes.\nRead more...\n\n\xa0\nIn this episode of Lykken on Lending we have 2 guests:\xa0Liz Gilchrist Kelly,\xa0Director of Research for Ernst Fee Service at Black Knight, and\xa0Jan\xa0Dalton\xa0Clark,\xa0Senior Vice President of Sales & Marketing for Ernst Fee Service at Black Knight.\n\nThe 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\xa0fee cures at closing\xa0\u2013 hundreds of thousands in some large metros.\xa0\n\nTopics Covered in this Episode:\nTrends to watch with regard to property transfer taxes,Challenges, losses, and risks faced by lenders in this area,What lenders should do to protect against these losses and stay on top of changes.\nRead more...