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BrendaTx

Texas
60 Posts

Posted - 03/20/2008 :  7:07:52 PM  Show Profile  Visit BrendaTx's Homepage  Reply with Quote
Said attorney called me to chat yesterday. He said he was doing *any* loan signings for $350. He will travel and does a general notarization for $80.

quote:
Originally posted by BrendaTx

quote:
Originally posted by LindaH

Key Word..."Helocs"....$350 for a Heloc....probably double if they were to do a full loan, no? Or are TX Helocs TX sized??..<G>

Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell




Full loan, cash outs, Helocs, doesn't matter. If he does it in his office, that's the rate.



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BrendaTx

Texas
60 Posts

Posted - 03/17/2008 :  10:43:30 AM  Show Profile  Visit BrendaTx's Homepage  Reply with Quote
quote:
Originally posted by LindaH

Key Word..."Helocs"....$350 for a Heloc....probably double if they were to do a full loan, no? Or are TX Helocs TX sized??..<G>

Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell




Full loan, cash outs, Helocs, doesn't matter. If he does it in his office, that's the rate.

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LindaH

Florida
1754 Posts

Posted - 03/14/2008 :  7:56:53 PM  Show Profile  Reply with Quote
Key Word..."Helocs"....$350 for a Heloc....probably double if they were to do a full loan, no? Or are TX Helocs TX sized??..<G>

Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell
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BrendaTx

Texas
60 Posts

Posted - 03/14/2008 :  6:08:00 PM  Show Profile  Visit BrendaTx's Homepage  Reply with Quote
Peter, In my area I have a lawyer I refer Helocs to. (Helocs in Texas have to be closed in a title company, a law office, or a branch of the lender.)

His office charges $350 to print and perform the loan document signing appointment.
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LindaH

Florida
1754 Posts

Posted - 03/13/2008 :  07:14:36 AM  Show Profile  Reply with Quote
quote:
Originally posted by radonotary

How much is that?

Thanks for answering



Attorneys pay thousands for their malpractice insurance, and if they do title work it's an additional charge (for the rider)...the premium is dependant on deductible chosen, the nature of the policy as far as claims are concerned, obviously, the amount of coverage along with the additional riders...don't forget, attorneys carry a whole lot more liability into a closing than we do as SA's - they have full responsibility for the loan - they can't sit back and say "sorry, not my job"...



Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell

Edited by - LindaH on 03/13/2008 07:47:17 AM
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crtowles

California
553 Posts

Posted - 03/12/2008 :  11:29:39 PM  Show Profile  Reply with Quote
Well you got the price ranges that I was thinking.....

C
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civey

North Carolina
76 Posts

Posted - 03/12/2008 :  7:17:07 PM  Show Profile  Reply with Quote
I know that when I do a loan it depends on the area but LindaH hit it for NC as well ($400-$600). The lawyers in large cities charge the most. The title insurance varies based on the value of the property, but I usually approximate it at $2.00 per thousand for a purchase of the GFE.

I personally would not do a purchase as a signing agent, but that's just me.
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radonotary

Florida
234 Posts

Posted - 03/12/2008 :  6:14:08 PM  Show Profile  Visit radonotary's Homepage  Reply with Quote
How much is that?

Thanks for answering
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LindaH

Florida
1754 Posts

Posted - 03/12/2008 :  5:43:44 PM  Show Profile  Reply with Quote
If it's anything like the firm I worked for, it's $400-$600 (or more if issues arise that they have to deal with) plus title fees (title search, title ins. commission, title bringdown fees, etc., etc.)..but let us not forget the premiums attorneys pay for their professional liability insurance.



Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell
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radonotary

Florida
234 Posts

Posted - 03/12/2008 :  5:19:29 PM  Show Profile  Visit radonotary's Homepage  Reply with Quote
question in the Ask Carmen forum.[:o)

How much do Lawyers in Lawyer Land get paid to do Attorney only closings?

I want to know because I want to prepare an argument for our fee's.

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