Legal Question in Real Estate Law in Florida

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

Asked on 8/29/11, 6:35 pm

1 Answer from Attorneys

Stephen Orchard Law Offices of Stephen Orchard

Documentary stamps on a deed in lieu are typically paid for by the lender accepting the deed.

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Answered on 9/02/11, 2:02 pm

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