We will provide escrow and closing services as requested to include the preparation of documents to satisfy the requirements of the title insurance commitment, preparation of conveyance deeds, ordering payoffs of existing mortgages and encumbrances, affidavits, preparation and explanation of the HUD1 settlement statement and the disbursement of funds.
If a loan is required to complete the purchase, there will be a fee to prepare and close the loan transaction. This may be charged by the lender, if the transaction is closed by them, or by Chicago Title. If we close the buyer/loan transaction, the charge will be $270.00, and is typically paid by the purchaser unless stated differently in the contract.
If no loan is required, there will be a charge of $200.00 to prepare and close the cash transaction, which is typically paid by the buyer, unless stated differently in the contract..
There are may be additional charges for overnight and local delivery, recording fees, and mortgage registration taxes in the State of Kansas, etc. These charges are noted on the HUD1 settlement statement, and are charged to the party that incurs the charge to complete their transaction, unless directed otherwise in the real estate contract.