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 |
Amy Cimetta
Broker Associate, MBA
CDPE, SRES, QSC
License: 01774767
Vista Sotheby’s International Realty
2501 N. Sepulveda Blvd, 2nd Floor310.542.9054 direct
310.428.8804 cell
5-star Rated Agent
2016
Top Realtor