The following Sample Estimated Comparison and Detailed Quotes are provided to give Users an example of the types of information and format that will be provided in connection with a “Selected Transaction.”
(NOTE: The transaction identification information, title company and dollar amounts contained in the following samples are for illustration, only.)
First Integrity Title Agency LLC
http://www.fitallc.com
|
Detailed Sale Quote |
| Total Costs: |
$2,700.60 |
| Itemized Costs: |
Seller's |
Buyer's |
| Title Insurance Policies: |
| |
Title Insurance
Insures an interest in real property
|
$1,410.60 |
|
First Concurrent Loan Policy - LEC 1-4
Charge for insuring the First Mortgage Lender with standard ALTA Loan Policy.
|
|
$ 125.00 |
Second Concurrent Loan Policy-LEC 1-4
Charge for insuring the Second Mortgage Lender with the standard ALTA Loan Policy.
|
|
$ 125.00 |
| Endorsements: |
| |
Owner's Extended Coverage
Charge for deleting the pre-printed exceptions 1-4 in the final Owner’s Title Insurance Policy.
|
$ 30.00 |
|
Commitment Vesting Endorsement
Ownership search for previous two year period. Informs lender if there has been unusual title transfer activity.
|
|
$ 30.00 |
Survey and Covenant Protection
Insures lender that there are no present or future violations of subdivision’s covenants. And that there are no encroachments onto insured property or of insured property onto adjoining lands.
|
|
$ 30.00 |
Environmental Lien Protection - Form 8.1
Insures lender against loss due to lack of priority of the insured mortgage over State or Federal statutory environmental liens.
|
|
$ 30.00 |
Variable Rate Endorsement
Insures lender for validity, enforceability and priority of an insured Mortgage or Deed of Trust that provides for changes in the interest rate.
|
|
$ 25.00 |
Planned Unit Development Endorsement
Insures lender against violations of existing covenants, Home Owner Association liens for assessments, encroachments and right of first refusal. Issued in connection with a single family home or townhome.
|
|
$ 124.00 |
Mineral Protection Endorsement
Insures lender against loss by damage to existing improvements which may be the result of extraction of minerals from property.
|
|
$ 124.00 |
| Closing Services: |
| |
Residential Sale Closing Fee
Fee for closing a Residential Sale when there is a Licensed Real Estate Broker participating in the transaction.
|
$ 113.00 |
$ 113.00 |
Residential Sale 1st Loan Closing Fee
Fee for closing a new First Mortgage Loan. Charged in addition to the Residential Sale closing fee.
|
|
$ 225.00 |
Residential Sale 2nd Loan Closing Fee
Fee for closing a new Second Mortgage Loan. Charged in addition to first mortgage loan closing fee and the residential sale closing fee.
|
|
$ 125.00 |
| Ancillary Services: |
| |
Courier Supplemental Fee
Fee for overnighting loan packages or payoffs. Usually sent via FedEx or UPS.
|
$ 20.00 |
|
Recording of Deed of Trust Processing Fee
Supplementary fee charged for recording the 1st deed of trust from the transaction. This is in addition to the recording fees charged by the county Clerk and Recorder’s Office
|
|
Included |
Recording of 2nd Deed of Trust Processing Fee
Supplementary fee charged for recording the 2nd deed of trust from the transaction. This is in addition to the recording fees charged by the county Clerk and Recorder’s Office
|
|
Included |
Release of Deed of Trust Processing Fee
Fee for processing the release of deed of trust that has been paid off in the transaction. This fee includes the county Public Trustee’s release fee of $21.00.
|
$ 21.00 |
|
Cashier Check Fee
Fee for providing Seller’s Proceeds in the form of a cashier’s check.
|
Included |
|
Tax Certificate Fee
Fee for Certificate of Taxes obtained from the county in which the subject property is located. Shows status of real estate taxes and is required for all closing transactions closed through a title company.
|
|
$ 25.00 |
Tax Assessment Certificate Fee (City)
Reflects outstanding assessments owed to the city, for violations of city ordinances
|
|
n/a |
First E-Document Supplemental Fee
Fee for receiving and printing First Mortgage loan documents that are e-mailed to title company from the lender.
|
|
Included |
Second E-Document Supplemental Fee
Fee for receiving and printing Second Mortgage loan documents that are e-mailed to title company from the lender.
|
|
Included |
HOA Document Retrieval Fee
Fee charged for the retrieval of Home Owner’s Association documents per contract, for Buyer’s review.
|
Included |
|
Electronic Recording Supplemental Fee
Fee charged to record documents electronically. This is in addition to the recording fees charged by the county Clerk and Recorder’s Office
|
|
$ 5.00 |
| TOTAL ESTIMATED COSTS |
$1,594.60 |
$1,106.00 |
