Please review fees and important reminders in our seller’s closing guide prior to your settlement.
|Settlement fee (all inclusive*)||$550|
|Mortgage Payoff/Release Procurement||$185 (per lien)|
|Additional/and Other Services||Fee|
|Seller Remote Closing/Document Delivery**||$125|
|Seller Pre-Settlement Closing meeting***||$100|
|Seller NotaryCam Closing Meeting****||$150|
|Title Clearing Services*****||$200/hour|
|Power of Attorney Document Preparation||$150|
|MD Non-Resident Withholding||$125|
|Seller-side “Split” Closing (An additional $150 deed preparation fee will apply for the drafting/preparation of an attorney-certified deed of conveyance)||$650|
* Includes deed preparation, notary fees, courier/wire costs and E-document storage/delivery, but does not include additional services set forth below.
** 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.
*** 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.
**** Not currently available for Maryland properties. 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 allows the sellers to electronically sign documents, via webcam, from the comfort of their home or office without having to arrange for a physical meeting with a notary public. A NotaryCammeeting must be made at least 3 business days prior to the actual settlement date.
*****In the event that liens require additional title clearance proceedings, upon notification to the seller, there will be an additional charge of $200/hour for the additional services rendered.
To prepare for settlement, we will need several pieces of information well in advance of closing. To ensure a smooth settlement, please take a moment to review this page.
We encourage you to use our Sellers Calculator tool 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.
Individuals using Power of Attorney
NOTE: Fannie Mae recently issued new 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.
LIMITED LIABILITY COMPANIES
Power of Attorney CANNOT be used when title is held in the name of a Trust.
IF PARTICIPATING IN A 1031 (REVERSE OR STARKER) EXCHANGE
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 us at 202-362-1500.
For nearly 25 years, our independently owned title company has leveraged technology to streamline the closing process, providing top-notch service at a competitive price for buyers, sellers, agents and lenders across the District of Columbia, Maryland and Virginia.
Often imitated but never replicated – we set the bar other title companies aspire to reach.
©2020 Federal Title & Escrow Co.
5335 Wisconsin Avenue, NW, Suite 700
Washington, D.C., 20015