Fees
All fees quoted below are common and customary fees. However, fees (and who pays for them) can change based on the Purchase Agreement, lender requirements, and title issues specific to the property. Call us today for a quote!
Closing Fees
Residential Buyer's Fees (MN):
Title Services $415.00 (Title Search $150.00/Exam & Commitment $200.00/Plat Drawing $65.00)
Name Search $10.00 per name
Assessment Search $50.00
Closing Fee $250.00
Final Title Search (post closing) $50.00
Construction Disbursement (Residential) $400.00 up to 8 draws (non-refundable)
Title Insurance: Old Republic Rate Calculator
Residential Seller's Fees (mN):
Closing Fee: $250.00
Deed/Doc Prep: $100.00 per document as needed
Miscellaneous Fees:
Misc. Legal Document Prep:
$100.00 per document as needed
Contract For Deed Prep $200.00
Outgoing Wire: $30.00 per wire as needed
Overnight Delivery : $30.00 per pkg as needed
Abstracting Fees
Disclaimer: Please note that, on rare occasions, if a title search is especially difficult or time consuming, the below fees may increase to reflect the additional work required.
O&E REports:
Residential: $75
Commercial: $150
Update: $50
"Final" O&E Update (After closing): $40
Tract Search Fees (per Parcel):
Name Search: $10 per name
Copies: $1 / page per copy
Taxes: $10 per parcel
Special Assessments: $10 + what we are charged
10 Year Search - $50 + fees above
20 Year Search - $100 + fees above
30 Year Search - $125 + fees above
40 Year Search - $200 + fees above
Abstracts of title & Registered Property Abstracts (RPA's):
The cost to create or update an abstract of title can vary widely based on when the abstract was last updated, and the number and complexity of documents in the chain of title. Much like how a mechanic can often not give a quote without "looking under the hood", it can be difficult to estimate costs without a preliminary look at the title. Ballpark at least $250 for an update and $1000 for a new Abstract of Title.
Call our office at 218-722-0052 for a more accurate quote.
MISC. ABSTRACTING FEES:
Document Retrieval (Document # provided): $25.00 + $1 per page of copies
Name Search (Judgments, tax liens, etc.): $15 base fee + $10 per name searched
Recording Service: $25 fee + county fees ($46 [MN] / $30 [WI]) + applicable county taxes
"Walk-through" rush recording: +$25
Plat Sketch: $75-$100
UCC Search: $30 + $20 per name searched