Florida `Who pays for Doc Stamps in "DEED in Lieu of Foreclosure"?
If I am underwater on my mortgage with Bank Of America and do a deed in lieu, who would be responsible for Doc Stamps.
If I am the bank and sell house and I am the Bank, then I am mortgagee and I assume I wouldnt pay Doc Stamps that Mortgagor would pay. Please advise
1 Answer from Attorneys
Documentary stamps on a deed in lieu are typically paid for by the lender accepting the deed.