The most common type of residential real estate purchase is one where the Buyer is getting a mortgage from a Lender. When a Lender is involved, there are a greater number of fees, and sometimes these fees are higher. What fees and closing costs are involved when buying residential real estate with mortgage funds?
G&G Law, LLC charges a flat rate for attorneys fees of $750. We do our own recording and our own title run down, so there will not be extra charge for those fees.
We use an out sourced paralegal service, Professional Paralegal Services of CT, LLC, to handle our document prep. PPSCT charges a flat fee of $400, plus $30 per FedEx. This fee includes copying fees.
We use Connecticut Attorneys Title Insurance Company, or CATIC, for all title relates services. They charge $195 for a 40 year chain of title search (minimum requirement) and also offer a full municipal records search, that identifies any violations or open permits with Town Hall, for an additional $155. Title Insurance, which is required by the Lenders, goes by value of the home and the amount of the loan, and a quote can be attained at CATICulator.com. Read more about title services here…
Recording Fees for the town to get the Deed and Mortgage onto the land records. The fees are $60 for the first page an $5 per additional page, per document.
There will also be Lender Fees. These costs depend on your Lender, and include fees such as Credit Check, Appraisal, Inspection, Mortgage Broker fees, etc.