Closing Costs: Title Fees

Cost	From	To	Description
Owner’s Title Policy	Title	Seller	Fee for title policy. Based on the sales price. May be reduced if home was purchased or refinanced in the last 5 yrs. Insures that the title is as agreed to at closing.
Lender’s Title Policy	Title	Buyer	Issued to lender to cover the amount of the loan. Based on the loan amount unless it’s a negative amortization loan.
Sub-Escrow Fee	Title	Buyer & Seller	Fee to administer the payoff of loans or property taxes of the seller and collection of funds from the new lender.
Document Transfer Tax	County, City	Seller	Fee charged on all properties that transfer title. Based on sales price.
Record Release/Reconveyance	County	Seller	Charge to record the release/reconveyance
Federal Express	Federal Express	Buyer & Seller	Charge to deliver all time sensitive documents/monies.
Title/Wire Fee	Banking Institution	Seller	Charge to wire funds to escrow, seller, lenders, etc.
Electronic Recording (Shipping & Handling)	County	Buyer	Charge to electronically record the documents
Record Grant Deed	County	Buyer	Charge to record the Grant Deed
Record Trust Deed	County	Buyer	Charge to record the Trust Deed
Messenger	Messenger Service	Buyer & Seller	Charge to special messenger documents during the course of escrow. Fee varies with distance.
Lender’s Endorsement	Title	Buyer	Charge for endorsements required by lender to cover “outside the normal” risk circumstances