Purchase Settlement
Title insurance for a purchase settlement is based upon the contract sales amount with $150.00 being the minimum. State Recordation Tax, State Transfer Tax, and City/County Transfer taxes where applicable are also based on the contract sales price. In addition the cost of the survey, pest inspection, Lien Certificate and Abstract/Title Search vary by county.
Refinance Settlement
Title insurance for a refinance is based upon the new loan amount with $100.00 being the minimum. You may be eligible for State Recordation Tax exemptions. County Transfer taxes could be charged in certain Maryland counties. The Abstract/Title Search varies by county.