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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 may be a surcharge of up to $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 may 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 may 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 property.
SURCHARGES FOR OVERNIGHT SERVICES: Overnight courier expense charges will be added to each closing at the rate of $35 for each mortgage loan package and
$25 for each separate loan payoff in a closing. NOTE that the base fees quoted above for house purchases and for refinances includes one $35 package return charge already - the surcharge would be for
additional courier services.
SURCHARGE FOR WORK WHERE PROPERTY IS LOCATED OUTSIDE OF THE COUNTIES LISTED ABOVE: For house closings and refinances where the property is
located in a North Carolina County OTHER THAN the ones listed above (Durham, Orange, Chatham, Person, Granville, Alamnce and Wake), call the closing attorney directly for specific price quote.
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