Signature is keeping watch for what could be a growing trend in cities and towns charging a fee to provide tax status information on a property. For example, effective July 1, 2010 the City of Portland will charge a $25 fee to provide tax and municipal services status information on a property. These fees would become seller charges as the information is necessary to provide clear title to the buyer. We will keep you abreast of updates on these trends as they become more relevant to our geographic market area (Rockingham, Strafford and York Counties). Should you have any questions, please contact your Signature Representative.
July 20th, 2010