Title Charges and Fees
Update July 6, 2018: State of New York Supreme Court Judge Eileen Rakower, in the Article 78 Proceeding between the New York State Land Title Association and New York State Department of Financial Services, ruled in favor of the title insurance industry and annulled the Regulation 208 impediments concerning allowable ancillary fees that title insurance companies can charge.
That said, Hallmark Abstract Service will continue to set fees at arguably the lowest levels in the industry!
Update December 18, 2017: While Hallmark Abstract Service as a company has always had some of the lowest ancillary charges and ‘junk fees’ in the New York State title insurance market, as of December 18, 2017 the New York State Department of Financial Services (NYSDFS) has standardized and capped what companies may charge. NYSDFS Regulation 208 in its entirety can be read here.
The price list below is current as of 12/18/2017.
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
Hallmark Abstract Service New York State Residential Title Insurance Ancillary Charges
Survey (New): Price varies by property and location, charged at our cost
Bankruptcy Search: $25 per borrower
Chain of Title/40-year: $250
C&R Search: $195
Foreclosure Search: $250
Full Municipal Search: $250-$400
Judgement and Lien vs. Name: $10 each
Judgement & Lien vs. Property: $10 each
Last Owner Search: $100
Lien Search (all liens): $200
Lis Pendens Search: $200
Mechanics Lien Search: $200
Open Mortgage Search: $200
Patriot Search: $25 per borrower
Sewer Search: $25
Single and Separate Search: $100 per lot
Survey Inspection: $75
Survey Locate: $75
Tax Lien Search: $50
Tax Search: $50
UCC Searches: $25
Zoning Lot Certification: $40
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 (Fees Subject To Change)
Deed (3 pages) $490 + $355 For Block Verification Letter (If Commercial + $125)
Mortgage $345 + $5/page + $355 For Block Verification Letter
Satisfaction/Assignment $345 + $5/page + $355 For Block Verification Letter
Power Of Attorney $345 + $5/page (No Block Verification Letter Required)
Block Verification Letter Is $355 Per Document Except For POA And UCC
September 25, 2017 proposal currently under consideration: Tax Map Verification Letter fee and land recording fee be raised by $100, bringing each to $455 and $400 respectively
Suffolk County Recording Fee (Fees Subject To Change)
Deed (3 pages) $195 (If Commercial Add $125) + $200 Block Verification Fee
Mortgage $45 + $5/page + $200 Block Verification Fee + $300 Mortgage Verification Fee (per each mortgage
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 (Fees Subject To Change)
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+