Line Item | Buyer | Seller |
---|---|---|
Title Agency Statuatory Charges | ||
Lender's Title Insurance Policy | Section 9c Buyer or Miami/Broward checked | |
Owner's Title Insurance Policy | Section 9c Buyer or Miami/Broward checked | Section 9c Seller Checked |
Title Agency Non-Statuatory Charges | ||
Title & Lien searches | Section 9c Buyer Checked | Section 9c Seller or Miami/Broward checked |
Settlement closing fee | ||
Electronic Recording Fee for estopple letter | ||
HOA estoppel | ||
Scan storage fee | ||
Courier fees | ||
Government recording and Transfer charges | ||
Deed document stamps | ||
Record UCC-3 - records seller satisfaction of mortgage | ||
non-identity Affidavit - for disregaring matters with parties of similar names | ||
Record Power of attorney if exists | ||
Record deed | ||
Record trust deed/mortgage | ||
Transfer fee to HOA if exists | ||
Mortgage document stamps | ||
Intangible tax | ||
3rd party fees when financed | ||
Appraisal & Survey | ||
Underwriting & Processing | ||
Homeowners Insurance | ||
Prepaid interest |
* Documentary stamp tax on Deeds (Seller Expense) (this is not a recording fee). In all Florida counties except Miami-Dade, the tax rate imposed on Deeds (e.g., warranty, special warranty, quit claim, trustee’s deed, life estate deed, and even transfers of property between spouses) are subject to tax is $0.70 on each $100.00 or portion thereof of the total consideration. But in Miami-Dade County the tax rate is $0.60 cents on each $100 or portion thereof. Miami-Dade County also has a surtax of $0.45 cents on each $100 or portion thereof however single-family dwellings are exempt from the surtax. For example, a Broward County property that sells for $180,000 would = $1,260.00 in documentary stamp taxes (1800 is the number of taxable units representing each $100 or portion thereof of the consideration of $180,000 multiplied by (x) $0.70 = $1,260.00). See, Fla. Stat. §201.02(1)(a), §201.031
** Recording Fee (Buyer Expense) $10.00 for the First (1st) Page plus $8.50 for each additional page. See, Fla. Stat. §28.24(12)(a,b,d,e), §24.222(3)(a).
*** Intangible tax (Buyer Expense) of $0.002 per one dollar $1.00 of notes secured by a mortgage. For example on $180,000.00 the intangible tax = $360.00. See, Fla. Stat. §199.133.
**** Documentary stamp tax on Mortgages (Buyer Expense), are taxed based on the full amount of the indebtedness regardless of whether it is contingent or absolute, at the rate of tax is $0.35 cents per $100 or portion thereof. There is no cap on the amount of tax due. See, Fla. Stat. §201.08(1)(b)
***** Documentary stamp tax on Promissory notes (Buyer Expense) are taxed at the rate of $0.35 cents per $100 or portion thereof; which is capped at $2,450. See, Fla. Stat. §201.08(1)(a)