|Mortgage Payoff / Release Procurement||$185|
1 Includes notary fees, courier/wire costs and E-document storage/delivery, but does not include additional services set forth below.
Additional / Other Services
|Seller Remote Closing / Document Delivery 2||$125|
|Seller Pre-Settlement Closing meeting 3||$100|
|Title Clearing Services 4||$200|
|Power of Attorney Document Preparation||$150|
|MD Non-Resident Withholding||$125|
2 For sellers NOT attending the closing meeting in our offices and requiring documents to be prepared and delivered electronically for execution and notarization in advance of the actual settlement date/time. NOTE: This method requires the sellers to arrange for their own meeting with a notary public and to return the signed and notarized documents to Federal Title at least 3 business days prior to the actual settlement date.
3 For sellers attending a closing meeting in our offices and requiring advance document preparation for execution and notarization of the closing documents prior to the actual settlement date/time.
4 In the event that liens require additional title clearance proceedings, upon notification to the seller, an additional charge for additional services will be added.
To prepare for settlement, we will need several pieces of information well in advance of closing. To ensure a smooth settlement, please review the following notes.
We encourage you to use our Net Proceeds Calculator to better prepare for your upcoming closing. This tool offers a comprehensive breakdown of all closing costs including agent commissions, transfer/recordation taxes, payoffs, etc.
NOTE: Fannie Mae has issued restrictions on use of Power of Attorney. Please read this article and contact our office with any questions. If you must use Power of Attorney, please contact us.
READ MORE: POWER OF ATTORNEY PITFALLS
If the property is owned under one of the following types of ownership, our office will require the following documents at least 5 business days prior to closing.
Power of Attorney CANNOT be used when title is held in the name of an Estate.
Power of Attorney CANNOT be used when title is held in the name of a Trust.
READ MORE: REVERSE OR STARKER (1031) EXCHANGE
NOTE: If a scheduling conflict arises, contact us to make arrangements to sign the settlement documents in advance.
If you have any questions regarding any of these services, please contact us by email, or call 202-362-1500.