Fee Schedule

FOR CLOSINGS UNDER NEW RESPA RULES

2012 UPDATE – NEW TITLE RATES

FLAT FEE OF $495.00

SALES AND REFINANCES

INCLUDES TITLE EXAM, ATTORNEY’S FEES AND ALL TRADITIONAL CLOSING SERVICES. DOES NOT INCLUDE RECORDING, INTANGIBLE TAX OR OTHER GOVERNMENT FEES. TRAVEL AVAILABLE FOR AN ADDITIONAL $50.00 TO $100.00 — TRAVEL FEE WAIVED ON LOANS OVER $300,000.00. POA PREPARATION AND RECORDING $35.00.

SHORT SALES AND FORECLOSURES MAY REQUIRE ADDITIONAL FEES

TITLE INSURANCE

LENDER’S TITLE: $2.50 per thousand

ENHANCED OWNER’S TITLE: Roughly $4.00 per thousand based on the sales price + $150.00 less lender’s title insurance amount

TITLE COMPANY ICL FEE: $35.00

EXAMPLE 1

SALES PRICE = $120,000.00
LOAN AMOUNT = $115,000.00
LENDER’S POLICY = $280.00
EAGLE OWNER’S POLICY = $480.00 (120 x 4) + $150.00 – $280.00
TITLE COMPANY ICL FEE: $35.00
TOTAL FOR OWNER’S POLICY = $385.00

EXAMPLE 2

SALES PRICE = $250,000.00
LOAN AMOUNT = $200,000.00
LENDER’S POLICY = $450.00
EAGLE OWNER’S POLICY = $1000.00 (250 x 4) + $150.00 – $450.00
TITLE COMPANY ICL FEE: $35.00
TOTAL FOR OWNER’S POLICY $735.00

**IN EXAMPLE 1 THE ACTUAL OWNER’S TITLE IS $362.00. IN EXAMPLE 2 THE ACTUAL OWNER’S TITLE IS $660.00. THE FORMULA PROVIDED IS INEXACT BUT IS PROVIDED AS AN APPROXIMATION FOR INFORMATIONAL PURPOSES ONLY.

COMMENTS REGARDING TITLE INSURANCE

THE ABOVE OWNER’S RATES ARE QUOTED FOR AN “ENHANCED” OWNER’S TITLE POLICY. THESE POLICIES ARE ISSUED FOR MOST METROPOLITAN HOMES. THEY PROVIDE THE PURCHASER WITH MANY ADDITIONAL PROTECTIONS AGAINST THE MOST COMMON TYPES OF ISSUES THEY MAY FACE. MAKE SURE THAT YOUR BORROWER’S ARE PROVIDED THIS TYPE OF POLICY WHEN AVAILABLE.

WE WRITE THROUGH TWO TITLE INSURANCE COMPANIES ON A FAIRLY RANDOM BASIS. THEIR OVERALL RATES ARE VERY SIMILAR.

WE WILL BE AVAILABLE TO PROVIDE IMMEDIATE QUOTES IF DESIRED. CALL OUR OFFICES DURING REGULAR BUSINESS HOURS AND ASK FOR A RATE QUOTE AND WE CAN GENERALLY PROVIDE ONE IN MINUTES. KEN CAN ALSO BE REACHED BY CELL PHONE (678)-575-3806 OR E-MAIL ON EVENINGS OR WEEKENDS. FEEL FREE TO CONTACT US AND WE WILL BE HAPPY TO PROVIDE A PROMPT QUOTE.