Mortgage Payoff Recording Fee

Mortgage Payoff Recording Fee

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 Mortgage Payoff Recording Fee Joe Versaggi Reply Send to a Friend   Print
 
Subject Author Date
Mortgage Payoff Recording Fee Joe Versaggi 11-10-2005
According to the New Jersey 2002 Home Ownership Act, charging a fee for
a Payoff quote or provide release upon prepayment is prohibited.
There is no escrow, PMI, nor prepayment penalty.

When asking for a Payoff Statement online, a "Recording Fee" of $30 is
computed as part of the final payment. Can that be legitimately fought ?



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Government National Mortgage Association - Ginnie Mae
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Fannie Mae Mortgage
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