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Old 07-22-2010, 09:54 AM
 
1 posts, read 4,306 times
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I just received my GFE and the fees seem really high to me. I could use some input on what others have experienced.

Purchasing in Florida, 92,000 home.

The Title services and lender's title insurance is quoted as $1,225.00.


Then there is an optional Owner's title insurance of $552.00......is that necessary?

I've never purchased in Florida before so I'm not sure, but does this seem high to anyone else? Thanks.

Last edited by Bostonlover; 07-22-2010 at 09:58 AM.. Reason: add text.
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Old 07-22-2010, 09:57 AM
 
22 posts, read 59,737 times
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Purchasing in NJ, $399,000 Townhome.

The Title services and lender's title insurance is quoted as $1,834.00.


Then there is an optional Owner's title insurance of $25.00

Sean
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Old 07-22-2010, 01:04 PM
 
Location: Louisville, Kentucky
1,448 posts, read 4,317,224 times
Reputation: 884
Quote:
Originally Posted by Bostonlover View Post
I just received my GFE and the fees seem really high to me. I could use some input on what others have experienced.

Purchasing in Florida, 92,000 home.

The Title services and lender's title insurance is quoted as $1,225.00.
I'm not from Florida but it seems only a tiny bit high to me. That's probably the closing fee, the title search, shipping, recording and lender's title insurance.

Quote:
Originally Posted by Bostonlover View Post
Then there is an optional Owner's title insurance of $552.00......is that necessary?
Not required but sometimes a good idea. If I were putting a lot down, or the property was being sold out of a foreclosure or estate, I'd consider buying it.

Ask your seller's if they bought owner's title insurance when they got the place. Depending on how long ago that was and who it was purchased through, that might actually allow you to get a small discount on your title insurance.
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