Title Fee/Insurance Bill – Help

Categories: Mortgage

Hi,

We are about to close on a 2BR condo (end of October), purchase price of $590,000 & 30% down. I received the Title bill break down from my attorney with the following fees:

Title Charges:
Fee: $2,446
Mortgage: $542
Departmentals: $550
Express Delivery: $45
Bankruptcies: $75
Patriot Search: $75

Recording Charges:
Deeds: $300
Mortgages: $300
Release of Mortgage: $150
POA: $150

Misc. Charges:
Condo Unit POA: $200
NY Mailings: $40
UCC: $180

Can anybody advise as to whether these look reasonable? Wife and I are first time buyers and to be honest it is quite confusing. My attorney told me that the fee includes my title insurance coverage along with the lenders.

I wondered whether I could purchase my own title insurance? Is it worth the hassle to do that?

Any feedback much appreciated :)

As always, thanks v. much.

By kissiffer4 | 09/22/2009 3:37 PM