Loan Estimate Challenges
Maine’s Biggest LE Challenges
04.12.2023
Community
One of the most straight-forward of states when it comes to LE and closing cost complexities, Maine assesses recording fees statewide, on a scale determined by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.
Recording fees
There is no variation by county when it comes to recording fees in Maine.
State transfer tax split
The state transfer tax in Maine is customarily split (by default) 50/50 between the buyer and the seller. However, the practice is negotiable, and the parties may agree to a different split.
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