DOCUMENTS

&

FEES

Settlement Fees to Owners for a Refinance
 

Please note that most of the following fees are not paid to our office. However, these are fees that we collect at settlement on behalf of the various payees.

  • $395 settlement fee payable to Mark S. Allen, Attorney at Law

  • $195 examination of chain of title payable to Realtors & Builders Title & Escrow

  • $115 Preparation of title insurance binder payable to Realtors & Builders Title & Escrow

  • Title Insurance priced as a cost per thousand dollars of loan amount. Discounted reissue rates will be given if borrower can provide, at the beginning of case processing, an owners title insurance policy that is less than 10 years old.

  • Loan fees points, document fees, etc. payable to and determined by lender

  • Taxes, homeowner or condominium fees to be prorated or escrowed if applicable

  • $55 (estimated) courier fee to pickup and deliver lender documents

  • $3.33 per thousand of loan amount Transfer Tax payable to state and city/county- If borrower is refinancing with the same lender, transfer taxes will be paid only on the difference between the original loan amount and the new increased loan amount. If new loan amount is lower than the current original loan amount, no transfer taxes are required.

  • $57 Recording fees (estimate) varies depending upon number of pages in deed of trust

  • $75 (may vary depending on number of liens) fee to obtain and record release of current liens on property payable to Mark S. Allen, Attorney at Law

  • $200 Processing/Administration fee payable to Mark S. Allen, Attorney at Law

  • $35 (may vary) courier or wire transfer fees to send payoff(s) to lenders for current liens on property

  • $41 per lien release recording fee payable to city/county as applicable

Settlement Fees to Seller
 

Please note that most of the following fees are not paid to our office. However, these are fees which we are to collect at settlement on behalf of the various payees.

  • $295 settlement fee payable to Mark S. Allen, Attorney at Law

  • $195 document preparation fee payable to Mark S. Allen, Attorney at Law

  • $1 per thousand of sales price - Grantors Tax - payable to city/county/state

  • Termite (pest) inspection (if contract specifies seller is to pay for such inspection) and repair - varies depending upon inspection service used and whether or not any treatment/repairs are required.

  • $75 (may vary depending on number of liens) - fee to obtain and record release of current liens on property - payable to Mark S. Allen, Attorney at Law

  • $35 (may vary) courier or wire transfer fees to send payoff(s) to lenders for current liens on property

  • $41 per lien release - recording fee - payable to city/county as applicable

  • Title problems. Note: Occasionally, problems are discovered with the title requiring additional work to solve them. Fees for those matters will be set individually with the party involved.

  • Sales proceeds to Seller may be wire transferred at no cost.

Settlement Fees to Buyer
 

Please note that most of the following fees are not paid to our office. However, these are fees which we are to collect at settlement on behalf of the various payees.

 

  • $295 settlement fee payable to Mark S. Allen, Attorney at Law

  • $195 examination of chain of title payable to Realtors & Builders Title and Escrow

  • Title Insurance - varies depending upon sales price, loan amount and buyer's choice of coverage

  • $115 Preparation of title insurance binder required by lender prior to closing

  • $300-$500 Survey (if not condominium) payable to Alexandria Surveys or Dominion Surveys

  • Termite (pest) inspection (if contract specifies buyer is to pay for such inspection) payable to termite inspection company.

  • Loan fees - points, document fees, etc. - payable to and determined by lender

  • Taxes, homeowner or condominium fees to be prorated or escrowed - if applicable

  • $55 possible courier fee (to get loan documents from lender or lenders)

  • $200 Processing/Administration fee payable to Mark S. Allen, Attorney at Law

  • $3.33 per thousand of sales price - Tax stamps - payable to state and city/county

  • $3.33 per thousand of loan amount - Transfer Tax - payable to state and city/county

  • $57 Recording fees - (estimate) - varies depending upon number of pages in deed of trust and deed

 

 

 

 

 

 

Attorney Mark S. Allen serves clients in Alexandria, Arlington, Fairfax County and throughout Northern Virginia.