Recording and Document Fees (2024)

FAQs

What is the meaning of recording fee? ›

A recording fee is an expense charged by a government agency for registering or recording the purchase or sale of a piece of real estate. Recording fees cover the costs of the services provided by the clerk or recording agency that must maintain complete official documents.

Recording fees are a charge required by state and local agencies for registering a property's transfer of ownership. These fees are a part of the bundle of expenses that are typically referred to as closing costs.

Recording fees: These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage.

A doc fee is a fee that dealers may charge the customer to cover the expense of completing the paperwork, registering the vehicle, ensuring liens are correctly recorded, ensuring you receive your license plates, etc.

Signing – The date when loan documents are signed and notarized. Funding – The date the lender releases funds to the title company. Recording – This is the date – the true 'closing of escrow,' when the deed and any other recordable documents are recorded with the County.

If you pay off your mortgage early, or overpay by more than your lender allows, you may have to pay an early repayment charge. This is so your lender can make up for the lost interest they would have made over the remainder of your mortgage agreement.

You need an official payoff statement from the servicer to ensure you pay the correct amount. Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions.

Transfer Taxes

Florida has a recording fee and a nonrecurring intangible tax. Generally, transfer taxes are the seller's responsibility. However, they may try to negotiate this fee with the buyer during the sales process.

What are the recording fees for a mortgage in Florida? ›

In Florida, the two-party consent rule requires all involved parties to give legal consent before a private conversation may be recorded. In other words, those wishing to record private conversations must obtain consent from all parties involved before recording, as codified in Florida Statutes § 934.03 and § 934.04.

Sellers often pay real estate agent commissions, title transfer fees, transfer taxes and property taxes.

A settlement statement outlines the expenses and credits that need to be paid by the homebuyer and seller (or borrower in the case of refinancing). Common fees listed on a settlement statement include: Loan amount, interest rate and terms. Property's contract price.

Likely either a cashier's or certified check will be an acceptable for paying closing costs, since they're both guaranteed funds. Your closing officer or lender should provide you with specific instructions regarding what form of payment to bring to your loan closing, as well as the amount of money you owe.

The buyer pays for inspection, transfer taxes if applicable, recording fees, and some title company service fees. The seller covers the bulk of costs like real estate commission, their half of escrow fee, title insurance premiums, survey, transfer taxes, and additional title company fees.

The seller is responsible for the recording charges associated with the Real Property Transfer Report (RP-5217) which is required to accompany all deed filings, normally amounting to $125.00.

Sellers pay for recording releases of their mortgages, their powers of attorney, and any quitclaim deed, change of name certificate, etc. The seller also pays for the town and state transfer taxes.