The Title Insurance Agency
with over 30 years of experience!
PA Title Insurance Services
Pennsylvania title insurance rates are "all-inclusive" insurance rates. Simply what this means is the title insurance premium for the transaction covers the following services provided by the title insurer (insurance premium, title search fee, title examination fee, closing fee*, and escrow disbursement ). The insurance premium covers the cost of the title search and examination for one tax parcel of land.
There are other closing related fees involved in a sale or refiance closing transaction, such as recording fees, state and local realty transfer taxes. These are fees due to a government agency and are required to record the Deed. If the property is located in a municipality that requires the Deed to be registered with them before it can be recorded in the county recorder office, the township/borough fee to register that deed will be collected from you at the time of closing. There are no realty transfer taxes due for a Mortgage document, but a recording fee will be collected. The amount collected should never be more than the amount of the actual cost for these items.
Other closing fees commonly charged by the insuring title company or agency at the closing involve what are called "pass-through" expenses. Some of these expenses are overnight mail fees, certified mail fees, bank wire fees, e-mail or copying fees, and tax, water or sewer certification fees. These fees can add up to $100-$500.00 of expense to the consumer.
Costs can really add up!
You really need to know and understand what "other closing fees" you or your clients will be paying at the closing table. We highly recommend you obtain a written quote of all costs from several title insurance companies/agencies before you select one to handle your next closing transaction. This prevents any "unexpected fees" at the time of the closing.
Montgomery Land invites you to ask for the best price and service and a binding written quote which we guarantee for a full 90 days to allow you time to shop our competition!
