Village Settlements, Inc. - Lender's Good Faith Estimate


Telephone: 301-590-9300

Lender's Good Faith Estimate

Printer-friendly PDF file HERE.

Purchase Settlements
Title Services for Line 1101

Refinance Settlements
Title Services for Line 1101

Settlement Fee
Delivery/Overnight Services
Title Examination
Title Binder
Wire Service Fee
Full Title Abstract (add $100 for REO/Foreclosure title)

Settlement Fee
Delivery/Overnight Services
Title Examination
Title Binder
Wire Service Fee
Survey Affidavit (in lieu of house location survey)
Rundown Title Abstract
Obtain/prepare 1 Release (add $100/addt’l release)

TOTAL: $799.00 + Lenders Title Insurance

TOTAL: $899.00 + Lenders Title Insurance

Additional Third Party Fees for Purchase:
House location Survey (Line 1302): $180-$350+ (varies depending on size of Lot)
Note: Md. Courthouse Recording Fees are $40 for the Deed and $40 for each Deed of Trust.

Lender’s Title Insurance (Add this premium to Line 1101-Title Services)

Loan Amount	Cost per $1,000 borrowed
The first $250,000	$2.78/$1,000
The next $250,000 and up to $500,000, add	$2.21/$1,000
The next $500,000 and up to $1,000,000, add	$1.94/$1,000
The next $1,000,000 and up to $5,000,000, add	$1.68/$1,000

Click here for our
Title Insurance Premium Calculator.

Example: $350,000 loan

The first $250,000 of the loan amount is calculated:
250 x $2.78 = $695 title premium

Then, the next $100,000 of the loan amount is calculated:
100 x $2.21 = $221 title premium

The two title premiums are then added together for the $350,000 loan amount:
$695 + $221 = $916 title insurance premium

Discounted Re-Issue Rates for Title Insurance are available if the borrower provides a copy of the current owner's title insurance policy or acceptable proof that a policy has been purchased. Please contact Village Settlements, Inc. for a Discounted Re-Issue Rate quote and/or an Owner's Title Policy quote.

The actual fees for certain items, such as the survey may vary. Any changes, including but not limited to the sales price, loan amount, requested title endorsements, number of pages to be recorded, documents to be recorded, number of loan packages to be closed, as well as the type of transaction (i.e. foreclosure, short sale, bankruptcy sale) may result in a change to the figures provided. Village Settlements, Inc. will not be liable for the accuracy or completeness of the fees provided above or for Lender’s failure to request or obtain updated figures in a timely manner if the terms of the transaction have changed or if additional services are required, such as the preparation of a Power of Attorney, release of prior encumbrances, multiple settlements or additional Deed or Subordination Agreement preparation. The Borrower can expect additional fees at settlement, including, but not limited to, Owner’s Title Insurance Premium, State and Local Recordation and Transfer Taxes, Courthouse Recording Fees, Homeowner’s Association Dues and Fees, termite inspection and third party warranty fees. Fees effective 1/1/10.

Telephone: 301-590-9300