Title Charges and Fees
The following link to the title insurance premium calculator and the Hallmark Abstract Service list of charges will enable clients or potential clients to determine a reasonable estimate of what the cost of the title portion of a commercial or residential real estate transaction transaction may be.
If after reviewing them you have any questions please let us know at 516.741.4723 or by email at firstname.lastname@example.org.
Title Premiums and the Reissue Rate
As long as a borrower meets eligibility requirements they will be provided the reissue rate. Qualification for the reissue rate (provided the borrower has remained on title with no deed transfers) is predicated on the borrower having purchased or refinanced their home within 10-years of the current transaction
Title Insurance Rate Calculator: By clicking on this link you will be able to determine what the title insurance for your specific transaction will cost! Click Here
Coop Lien Search: $350 includes contin, insurance and taxes
Last Owner Search: $100 Escrow Service Charge: $75
Attorney Search: $250 Bankruptcy Search: $25/borrower
Municipals (All Counties): $ 250-$400 Patriot search: $25/borrower
Certificate of Good Standing: $150
Franchise Tax: $50
24-Month Chain of Title: $150
Quote to obtain a survey is provided upon request
ACRIS/Westchester Transfer Document Preparation: $150
State Sales Tax: Beginning September 1, 2010, Municipals, Bankruptcy, Coop Lien and Patriot Searches are subject to sales tax. State sales tax will be based on the location of the subject property.
Please add the Hallmark Abstract Service fee of $50/document to these amounts if we will be recording them:
Nassau County, New York Recording Fees
Deed (3 pages) $490 + $225 For Block Verification Letter (If Commercial + $125)
Mortgage $345 + $5/page + $225 For Block Verification Letter
Satisfaction/Assignment $345 + $5/page + $225 For Block Verification Letter
Power Of Attorney $345 + $5/page (No Block Verification Letter Required)
Block Verification Letter Is $225 Per Document Except For POA And UCC
Suffolk County Recording Fee
Deed (3 pages) $195 (If Commercial Add $125) + $200 Block Verification Fee
Mortgage $45 + $5/page + $200 Block Verification Fee
Satisfaction/Assignment $45 + $5/page + $200 Block Verification Fee
Power Of Attorney $45 + $5/page (No Block Verification Fee)
Block Verification Fee Is $200 Per Document Except For POA And UCC
New York City (Five Boroughs) Recording Fees
Deed $162 + $5/page (Plus $125 If Commercial)
Mortgage $45 + $5/page
Satisfaction $45 + $5/page
Power Of Attorney $45 + $5/page
$3 Per Each Additional Lot
Westchester County Recording Fees
Deed $175 + $5/page
Mortgage/Satisfaction/Etc. $45 + $5/page
Other New York State Counties – Recording Fees Available Upon Request
The fees on this page are being disclosed as part of the Department of Financial Services regulatory requirements as stated in Section 35.6 (b).
The fees being disclosed do not necessarily pertain to the readers specific transaction.
These fees do NOT represent all of the fees that a transaction may be subject to but these are the most common ones.
A formal quote of fees for a transaction can be obtained by emailing the specifics of a transaction to email@example.com (Address, Purchase/Refinance, Mortgage Amount, Etc.).
All of these fees are subject to change.Google+