Title service fees are part of the closing costs you pay when getting a mortgage. When you purchase a home, you receive a document most often called a deed, which shows the seller transferred their legal ownership, or “title,” to the home to you. Title service fees are costs associated with issuing a title insurance policy for the lender.
| Service | Fee | Notes |
|---|---|---|
| 40 Year Search | $425.00 | Minimum |
| Last Owner Search | $275.00 | Minimum |
| Tax Search | $60.00 | Per parcel |
| Tax Continuation | $60.00 | Per parcel |
| Patriot Search | $45.00 | |
| Bankruptcy Search | $45.00 | |
| Payoff Handling Fee | $85.00 | Per payoff |
| Tax Payoff | $75.00 | Per payoff |
| Judgment Payoff | $75.00 | Per payoff |
| Tax Escrow | $50.00 | Per parcel |
| ReQuire | $35.00 | Per payoff |
| CertifID (Purchase)¹ | $150.00 | Per payoff |
| CertifID (Refi) | $75.00 | Per payoff |
| Certificate of Occupancy Search | $90.00 | |
| Housing & Buildings Violation Search | $90.00 | Minimum |
| UCC Search – County | $40.00 | Minimum |
| UCC Search – State | $40.00 | Minimum |
| Rundown | $50.00 | |
| Recording | $25.00 | |
| Wire Fee | $90.00 | Per wire |
¹Fee split between buyer and seller
IMPORTANT DISCLOSURE REQUIRED PURSUANT TO 11 NYCRR 30.3:
Northway Title Agency, Inc., (“Agent”), as agent for the Title Insurance Company (‘Underwriter”), will receive compensation as shown on the Good Faith Estimate prepared for actual title insurance orders. Alternate title insurance policy coverages and/or endorsements may be available. Please contact the Agent for a description of alternate coverages and premium quotes or for any other additional information. The premiums for policies of title insurance are approved by the New York State Department of Financial Services (“NYS DFS”), Insurance Division, pursuant to rate filings. The Underwriter is a member of the Title Insurance Rate Service Association (“TIRSA”). These rates are standard for all members of TIRSA. The NYS DFS also approves policy and endorsement forms. The Agent does not have any material ownership interest in the Underwriter, nor does the Underwriter have any material ownership interest in the Agent. The Insurance Law prohibits reducing or rebating any portion of the premium paid to the Underwriter for the title insurance policy whether by reducing the agents’ compensation or otherwise.