New York Creates Their Own CFPB

05/01/2019
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New York Creates Their Own CFPB

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2 thoughts on “New York Creates Their Own CFPB”

  1. We do have on or about closings and the seller or the buyer can delay the closing date. It is maddening!

  2. Ray Waisler says:

    As a NY refugee, I can tell you the “on or about” clause is absolutely true. However, the contract can be written a “time of the essence” clause which pretty much locks in the closing date.

    The fees in NY are ridiculous with some counties charging $19.50 per thousand for transfer tax and the people involved in a typical transaction are the buyer’s attorney, seller’s attorney, lender’s attorney, title company, buyer’s agent & seller’s agent.

    Doing business in NY was not fun and I’m glad I got out!

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