| Service Deadlines |
| Service |
Deadline |
| Search/Binder |
3 business days. This includes the time
to perform the title search (2 business days) and issue the binder
(1 business day). |
| Binder Only |
1 business day from receipt
of the preliminary report, less if at all possible. |
| Endorsements |
Same business day |
| Recordings |
24 hour notice
is required for scheduling. Rush/emergency requests will be accommodated
in less time if possible. |
| NOTE: If we are unable to meet our service
deadlines due to unexpected delays or circumstances beyond our control,
you will be notified in advance as possible. |
| Virginia Residential Rates |
| Binder/Commitment fee: |
$50.00 |
| Simultaneous issue for
mortgagee and owner's coverage |
Owner's Rates plus $100.00 |
| Mortgagee coverage only |
$2.75 per $1000 up to $250,000
$2.60 per $1000 for $250,001 - $500,000
$2.40 per $1000 for $500,001 - $1,000,000
|
| Owner’s coverage
only |
$3.75 per $1000 up to
$250,000
$3.60 per $1000 for $250,001 - $500,000
$3.40 per $1000 for $500,001 - $1,000,000 |
| |
|
| Reissue Rates* (First
Mortgage) |
70% of orginial rate.
Original policy must be no more than 10 years old. |
| Construction loans /
MLA fee: |
$50.00 |
| Minimum policy amount: |
$100.00 |
Residential Search Fees** : |
|
| Full
Search (40 years) |
$95.00 |
Current
owner search
with Back Title Policy |
$75.00 |
| Update
and record |
$50.00 |
| Update
for constructon draws |
$35.00 per |
Notes:
* Reissue rates will be given on any title company’s prior policy.
A copy of the prior policy must accompany search
order.
** All search fees are approximate.
|
| Virginia Commercial Rates |
| Mortgage Coverage
Only |
Per Thousand |
| Up to $1 million of liability |
$3.00 |
|
Over $1 million up to $2,500,000, add |
$2.50 |
|
Over $2,500,000 up to $5,000,000, add |
$2.00 |
|
Minimum $100.00 |
|
| Owner Coverage
Only |
Per Thousand |
| Up to $1 million of liability |
$3.00 |
| Over $1 million up to $2,500,000, add |
$2.50 |
| Over $2,500,000 up to $5,000,000, add |
$2.00 |
| Over $5,000,000 up to $10,000,000, add |
$1.25 |
| Minimum $100.00 |
|
| Community Housing Rates Now Available |
| Please feel free to contact Bankers Title
at (804) 560-7655 for a specific quote or further
information on Title Insurance. |
|
