Seller's fees and settlement information

Seller closing costs may come as a surprise to some homeowners. Beyond agent commissions and paying off lines of credit associated with house that's being sold, sellers need to account for their portion of settlement fees, including but not limited to verification that the existing mortgage has been paid off (mortgage release procurement) and preparation of a new deed for the buyer.


Service Fee
Settlement fee
 $375
Title search fee
 $250
Seller document preparation fee
 $325
Lien search fee paid directly to vendor
 $100
Courier/Overnight/Wire/Copies (approx.)
 $75
Mortgage satisfaction servicing fee
 $30
Power of Attorney preparation/record (if required)
 $110

 

Seller's Calculator

Use our Seller's Calculator to get an accurate bottom line

In addition, the buyer is customarily responsible for deed recording fees, condominium search/approval fees, documentary stamp taxes on the note and the intangible tax on the mortgage. The seller is customarily responsible for fees due on documentary stamps on the deed. Federal Title & Escrow Company reserves the right to modify the fees listed above with reasonable advanced notice, however, such fees will not change during the course of a transaction unless required by law or our title insurance underwriter.

 

Under Contract

In preparation of settlement, Federal Title & Escrow Company will need your current mortgage information. Please contact us for a copy of this form. Once completed you may either fax (305-675-3977) or email ( This e-mail address is being protected from spambots, you need JavaScript enabled to view it ) a copy to us.

 

Reminders for Settlement:

  • Call your various utility companies and let them know the date of settlement.
  • Each person named on the title must attend closing and bring photo identification. (If there is a scheduling conflict, contact us to make arrangements to sign the settlement documents in advance.)
  • Be sure to bring all keys to the property to closing.
  • If you are able to locate your Owner's Title Insurance Policy and/or Location Survey, please fax (305-675-3977) a copy to our office.

If you have any questions regarding any of these services, please contact us at This e-mail address is being protected from spambots, you need JavaScript enabled to view it , or call us at 305-777-0411.

Updated on 1/19/2009 - This information is deemed reliable, but not guaranteed.

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