Residential Real Estate Closing Fees

To schedule closings:

For closings with attorney Dan Milam, please contact Rená Olimpo, Mr. Milam's legal assistant (email).   

Basic Fees for Residential House Closing and Refinance Loans (see special notes below for other charges which can increase these base fees)
 

House Purchases for cash (no loans) where purchase price is less than $500,000

Durham County	$550
Orange County	$600
Chatham, Person and Granville Counties	$625
Alamance County	$700
Wake County	$700

House Purchases for cash (no loans) of REO/Foreclosure or Short Sales where purchase price is less than $500,000

Durham County	$675
Orange County	$725
Chatham, Person and Granville Counties	$750
Alamance County	$825
Wake County	$825

House Purchases with one loan where purchase price is less than $500,000 (not including REO/Foreclosures or Short Sales) (includes $35 courier package return fee, see below)

Durham County	$935
Orange County	$985
Chatham, Person and Granville Counties	$1010
Alamance County	$1085
Wake County	$1085

Refinances with one loan where refinance amount is less than $500,000 (includes $35 courier package return fee, see below)

Durham County	$760
Orange County	$810
Chatham, Person and Granville Counties	$835
Alamance County	$910
Wake County	$910

Additional Fee for Second Mortgage for 80/20 or “piggyback”-type loans - applies in both house purchase and in refinance situations

$200

** Check directly with the closing attorney for a fee quote where the purchase price and/or loan amount exceeds $500,000.

Fees for Additional Related Services

Deed and Lien Waiver for Seller	$125
Preparation of Limited Power of Attorney for Closing	$100
Preparation of Subordination Agreement      Preparation ONLY.  We do not negotiate the terms.	$100
Release Deed      Preparation ONLY - We do not negotiate the terms	$100
Note and Deed of Trust	$100
Minimum Title Examination Fee without Closing	$150
Mortgage Cancellation Fee (per lien to be canceled)	$25
Wire Transfers	$65

NOTE the following in connection with the above-stated residential real estate fee structure:

SURCHARGE FOR CLOSINGS DONE BY MAIL/COURIER:  If our office handles a closing involving a mortgage loan, where the closing documents are not to be executed in our office, but are to be closed through mail or courier, there may be a surcharge of up to $100.  This surcharge is added to the regular fee otherwise charged for the closing as set forth above and to surcharges for overnight services (set forth below).

TITLE INSURANCE:  Title insurance is required in at least the loan amount when a mortgage lender is involved.  For a small additional premium charged by the title company, our office routinely secures an owners policy of title insurance in all closings on the purchase price amount for buyers in closings, unless the buyer specifically elects not to secure owners coverage (bad idea).  Although our office routinely does full title searches for home purchases, some premium money (due to a title company reissue premium credit) may be saved if the seller provides a copy of the existing title policy on the property.

SURCHARGES FOR OVERNIGHT SERVICES:  Overnight  courier expense charges will be added to each closing at the rate of $35 for each mortgage loan package and $25 for each separate loan payoff in a closing.  NOTE that the base fees quoted above for house purchases and for refinances includes one $35 package return charge already - the surcharge would be for additional courier services .