{"id":429,"date":"2022-03-22T09:23:05","date_gmt":"2022-03-22T14:23:05","guid":{"rendered":"https:\/\/exclusive-title.com\/?page_id=429"},"modified":"2023-07-31T19:07:42","modified_gmt":"2023-08-01T00:07:42","slug":"rates-and-fees","status":"publish","type":"page","link":"https:\/\/exclusive-title.com\/?page_id=429","title":{"rendered":"Rates And Fees"},"content":{"rendered":"\n

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BACK<\/a><\/div>\n<\/div>\n\n\n\n

Rates and Fees<\/h2>\n\n\n\n

Search Costs<\/h2>\n\n\n\n

Search costs vary based on whether residential title insurance commitments are required.<\/p>\n\n\n\n

Examination Fee<\/td>$100.00<\/td> <\/td><\/tr>
County Search Fee<\/td>$75-100 (on average)<\/td> <\/td><\/tr>
Municipal Search<\/td>$40.00<\/td>per lot<\/td><\/tr>
Tideland Search<\/td>$45.00<\/td>per lot<\/td><\/tr>
Flood Search<\/td>$12.00<\/td>per lot<\/td><\/tr>
Upper Court Search<\/td>$10.00<\/td>per name<\/td><\/tr>
STANDARD <\/strong><\/em>ALTA Endorsements<\/td>$25.00<\/td>per end’t<\/td><\/tr>
Closing Protection Letter<\/td>$75.00<\/td> <\/td><\/tr>
Notice of Settlement<\/td>$25.00\/$50.00<\/td> <\/td><\/tr>
Metes and Bounds<\/td>$50.00<\/td> <\/td><\/tr>
Photocopying<\/td>$25.00-$75.00<\/td> <\/td><\/tr>
Title commitments can be issued within 1-2 days after receiving the title request. If needed, most commitments can be issued the same day.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
County<\/td>$325.00<\/td> <\/td><\/tr>
Municipal Search<\/td>$40.00<\/td>per lot<\/td><\/tr>
Upper Court Search<\/td>$10.00<\/td>per name<\/td><\/tr>
Child Support Search<\/td>$15.00<\/td>per name<\/td><\/tr>
State UCC Search<\/td>$60.00<\/td>per name<\/td><\/tr>
Title reports can be issued within 1-2 days after receiving the title request. If needed, most reports can be issued the same day.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Standard Underwriting Rate Schedule<\/h2>\n\n\n\n

The standard underwriting rate for either owner’s insurance, leasehold insurance, or mortgage insurance, shall be calculated according to the following rate schedule:<\/p>\n\n\n\n

Policy Liability<\/td>Rate per $1,000 or Fraction Thereof<\/td><\/tr>
$0 – $100,000<\/td>$5.25<\/td><\/tr>
$100,001 – $500,000<\/td>add $4.25<\/td><\/tr>
$500,001 – $2 million<\/td>add $2.75<\/td><\/tr>
Over $2 million<\/td>add $2.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Refinance, Recast or Substituion Loans<\/h2>\n\n\n\n

When a refinance, recast or substitution loan is made to the same borrower on the same property, the following rates shall apply to so much of the new policy as represents the face amount of the mortgage or mortgages other than construction loans being refinanced:<\/p>\n\n\n\n

Policy Liability<\/td>Rate per $1,000 or Fraction Thereof<\/td><\/tr>
$0 – $100,000<\/td>$2.75<\/td><\/tr>
$100,001 – $500,000<\/td>add $2.50<\/td><\/tr>
$500,001 – $2 million<\/td>add $2.25<\/td><\/tr>
Over $2 million<\/td>add $1.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mortgage or Leasehold Modification Agreements<\/h2>\n\n\n\n

When a mortgage or leasehold modification or extension agreement is executed, the underwriting charge for an endorsement to the existing policy or a new policy insuring the modification or extension agreement shall be based upon the following rates up to the amount of the mortgage or lease being modified, provided that the loan being modified or extended is not a construction loan, and the property is identical to or included within the property previously insured.<\/p>\n\n\n\n

Policy Liability<\/td>Rate per $1,000 or Fraction Thereof<\/td><\/tr>
$0 – $100,000<\/td>$1.75<\/td><\/tr>
$100,001 – $500,000<\/td>add $1.50<\/td><\/tr>
$500,001 – $2 million<\/td>add $1.25<\/td><\/tr>
Over $2 million<\/td>add $1.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Paralegal Charges<\/h2>\n\n\n\n

The following is an estimate <\/strong><\/em>for searches, endorsements and settlement fees:<\/p>\n\n\n\n

Searches\/Endorsements<\/td>$400.00<\/td><\/tr>
Settlement<\/td>$450.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Miscellaneous settlement charges may include the following:<\/strong><\/p>\n\n\n\n

Federal Express<\/td>$25.00<\/td>per package<\/td><\/tr>
Notary Fees<\/td>$25.00<\/td>per mortgage package<\/td><\/tr>
Copies<\/td>$25.00<\/td>per closing package<\/td><\/tr>
Cancellation of Existing Mortgages<\/td>$75.00<\/td>each<\/td><\/tr>
Wire Transfer Fees<\/td>$15.00<\/td> <\/td><\/tr>
Record Mortgage<\/td>$185.00 – $300.00*<\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Based on the number of pages of the document as charged by the county.<\/p>\n\n\n\n

Documents such as deeds, assignments, releases, subordinations, discharges and warrants of satisfaction can be prepared at an additional nominal fee.<\/p>\n\n\n\n

Recording Charges<\/h2>\n\n\n\n
DEED<\/strong><\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
Marginal Notation<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
REALTY TRANSFER FEE<\/strong>
$2.00 for the first $500 or part thereof up to $150,000; the fee then increases to $3.35 for each $500 or part thereof over $150,000; the fee then increases to $3.90 for each $500 or part thereof over $200,000.<\/td><\/tr>
 <\/td> <\/td><\/tr>
MORTGAGE<\/strong><\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
DISCHARGE, ASSIGNMENT, POSTPONEMENT, SUBORDINATION OR RELEASE OF MORTGAGE<\/strong><\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
Marginal notation per mortgage<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
CANCELLATION OF MORTGAGE<\/strong><\/td>$20.00<\/td><\/tr>
Complete original mortgage (if any portion of the document is missing or is a copy of an original page, a discharge of mortgage must be recorded)<\/td><\/tr>
 <\/td> <\/td><\/tr>
NOTICES OF SETTLEMENT<\/strong><\/td><\/tr>
Mortgage Commitment<\/td>$20.00<\/td><\/tr>
Contract of Sale<\/td>$20.00<\/td><\/tr>
Double Filing of NOS<\/td>$40.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
FEDERAL TAX LIEN<\/strong><\/td><\/tr>
Filing of Lien<\/td>$25.00<\/td><\/tr>
Release of Lien<\/td>$25.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
CONSTRUCTION LIEN<\/strong><\/td><\/tr>
Construction Lien filing<\/td>$15.00<\/td><\/tr>
Notice of Unpaid Balance (NUB)<\/td>$15.00<\/td><\/tr>
Amendment of Discharge<\/td>$15.00<\/td><\/tr>
Marginal Notation<\/td>$5.00<\/td><\/tr>
Bond<\/td>$25.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
TRADE NAME (BUSINESS FIRMS)<\/strong><\/td><\/tr>
Trade Name Registration<\/td>$50.00<\/td><\/tr>
Trade Name Dissolution<\/td>$25.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
TAX SALE CERTIFICATE<\/strong><\/td><\/tr>
First page of document<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
REDEMPTION OF TAX SALE<\/strong><\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
Marginal notation per tax sale<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
FINANCING STATEMENT (UCC)<\/strong><\/td><\/tr>
All filings and name searches<\/td>$25.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
POWER OF ATTORNEY<\/strong><\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
DEDICATION\/VACATION<\/strong><\/td><\/tr>
Per Document<\/td>$30.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
LIS PENDENS<\/strong><\/td><\/tr>
Filed Notice of Foreclosures<\/td>$30.00<\/td><\/tr>
Marginal notation per document<\/td>$10.00<\/td><\/tr>
Discharge of filed Lis Pendens<\/td>$30.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
All recorded Lis Pendens<\/strong><\/em><\/td> <\/td><\/tr>
First page of document (front)<\/td>$30.00<\/td><\/tr>
Each additional recorded page<\/td>$10.00<\/td><\/tr>
Discharge recorded Lis Pendens<\/td>$30.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
MAPS<\/strong><\/td><\/tr>
Recording per map<\/td>$55.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
INHERITANCE TAX WAIVER<\/strong><\/td><\/tr>
Inheritance Tax Waiver filing<\/td>$15.00<\/td><\/tr>
 <\/td> <\/td><\/tr>
HONORABLE DISCHARGE\/DD214<\/strong><\/td><\/tr>
No recording fee<\/td> <\/td><\/tr>
 <\/td> <\/td><\/tr>
PHYSICIANS AND HOSPITAL LIENS & RELEASE OF LIEN<\/strong><\/td>$15.00<\/td><\/tr>
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917-952-9005 | Monday – Saturday<\/p>\n<\/div>\n\n\n\n

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Email<\/h3>\n\n\n\n

Corinne@exclusive-title.com<\/a><\/p>\n<\/div>\n\n\n\n

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Offices<\/h3>\n\n\n\n
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83 South Street, Suite 302<\/p>\n\n\n\n

Freehold NJ 07728<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n