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Showing posts from March 13, 2008

GOTCHA! sellers closing costs go up (again)

Well that didn't take long.

Chicago's City Council reconsidered yesterday, and by a 49-0 vote, passed a revised ordinance on the municipal transfer tax increase passing it off from buyers to sellers.

The new seller-paid $3/$1,000 transfer tax can be added on to increased recording fees, and water department full payment certification fees.

And, based on recent history anyway, stand by for title companies fee increases which seem to hit every spring....