Reinhardt Milam & Idol, PLLC, Attorneys


	Reinhardt Milam & Idol, PLLC Attorneys at Law 919-534-1200 401 North Mangum Street, Durham, NC 27701

To schedule closings:

For closings with attorney Chip Reinhardt (profile, e-mail), please contact closing secretary Karen Davis at 534-1200. For closings with attorney Dan Milam (profile, e-mail), please contact him directly.

*Basic Fees for Residential House Closing and Refinance Loans* (see special notes below for other charges which can increase these base fees)
House Purchases for cash (no loans) where purchase price is less than $500,000 Durham County Orange County Chatham, Person and Granville Counties Alamance County Wake County	$550 $600 $625 $650 $700
House Purchases with one loan where purchase price is less than $500,000 (*includes* $35 courier package return fee, see below) Durham County Orange County Chatham, Person and Granville Counties Alamance County Wake County	$635 $685 $710 $735 $785
Refinances with one loan where refinance amount is less than $500,000 (*includes* $35 courier package return fee, see below) Durham County Orange County Chatham, Person and Granville Counties Alamance County Wake County	$560 $610 $635 $660 $710
Additional Fee for Second Mortgage for 80/20 or “piggyback”-type loans - applies in both house purchase and in refinance situations	$200

** Check directly with the closing attorney for a fee quote where the purchase price and/or loan amount exceeds $500,000.

*Fees for Additional Related Services*

Deed and Lien Waiver for Seller	$125
Preparation of Limited Power of Attorney for Closing	$100
Preparation of Subordination Agreement Preparation ONLY. We do not negotiate the terms.	$100
Release Deed Preparation ONLY - We do not negotiate the terms	$100
Note and Deed of Trust	$100
Minimum Title Examination Fee without Closing	$150
Mortgage Cancellation Fee (per lien to be canceled)	$25
Wire Transfers	$25

NOTE the following in connection with the above-stated residential real estate fee structure:

SURCHARGE FOR CLOSINGS DONE BY MAIL/COURIER: If our office handles a closing involving a mortgage loan, where the closing documents are not to be executed in our office, but are to be closed through mail or courier, there may be a surcharge of up to $100. This surcharge is added to the regular fee otherwise charged for the closing as set forth above and to surcharges for overnight services (set forth below).

SURCHARGE FOR CLOSINGS DONE WITH POWER OF ATTORNEY: In addition to the fees set forth above, if our office handles a closing involving a mortgage loan, where the closing documents are to be executed by one or more attorneys-in-fact acting under powers of attorney, there may be a surcharge of $100 over and above the regular fee otherwise charged for the closing as set forth above. If our office draws up and/or records the power of attorney, there may be additional charges beyond the surcharge for the preparation of the power of attorney (see schedule above) and for recording fees (see recording fee page)

TITLE INSURANCE: Title insurance is required in at least the loan amount when a mortgage lender is involved. For a small additional premium charged by the title company, our office routinely secures an owners policy of title insurance in all closings on the purchase price amount for buyers in closings, unless the buyer specifically elects not to secure owners coverage (bad idea). Although our office routinely does full title searches for home purchases, some premium money (due to a title company reissue premium credit) may be saved if the seller provides a copy of the existing title policy on the property.

SURCHARGES FOR OVERNIGHT SERVICES: Overnight courier expense charges will be added to each closing at the rate of $35 for each mortgage loan package and $25 for each separate loan payoff in a closing. NOTE that the base fees quoted above for house purchases and for refinances includes one $35 package return charge already - the surcharge would be for additional courier services .