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NOTE the following in connection with the above-stated residential real estate fee structure:
SURCHARGE FOR CLOSINGS DONE BY MAIL/COURIER: If our office handles a closing involving a mortgage loan, where the closing documents are not to be
executed in our office, but are to be closed through mail or courier, there will be a surcharge of $100. This surcharge is added to the regular fee otherwise charged for the closing as set forth above and to
surcharges for overnight services (set forth below).
SURCHARGE FOR CLOSINGS DONE WITH POWER OF ATTORNEY:
In addition to the fees set forth above, if our office handles a closing involving a mortgage loan, where the closing documents are to be executed by one or more attorneys-in-fact acting under powers of attorney, there will be a surcharge of $100 over and above the regular fee otherwise charged for the closing as set forth above. If our office draws up and/or records the power of attorney, there will be additional charges beyond the surcharge for the preparation of the power of attorney (see schedule above) and for recording fees (see recording fee page)
TITLE INSURANCE: Title insurance is required in at least the loan amount when a mortgage lender is involved. For a small additional premium charged
by the title company, our office routinely secures an owners policy of title insurance in all closings on the purchase price amount for buyers in closings, unless the buyer specifically elects not to secure owners
coverage (bad idea). Although our office routinely does full title searches for home purchases, some premium money (due to a title company reissue premium credit) may be saved if the seller provides a copy of
the existing title policy on the house.
SURCHARGES FOR OVERNIGHT SERVICES: Overnight courier expense charges will be added to each closing at the rate of $35 for
mortgage loan packages (more if this is a “warehouse” loan requiring separate shipment of closing documents to more than one place) and $25 for each separate loan payoff in a closing. The only
exception will be for those mortgage lenders and payoffs where mortgage document return and payoff can reasonably be made by local hand-delivery or pickup.
SURCHARGE FOR WORK WHERE PROPERTY IS LOCATED OUTSIDE OF DURHAM COUNTY: All of the above prices assume that
the property is located in Durham County. For an additional surcharge of $75, we also do the same closings and refinances for properties located in the following “contiguous” counties: Orange,
Person, Granville and Chatham. Although Wake County is a contiguous count, we add a $100 surcharge for Wake County closings. If property is situated in a county not named here, call for specific price
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