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Last Updated on 11/30/2022 by Mark Verhoeven

Recording fee

The following article will cover all aspects of a Recording Fee including: What is a Recording Fee, How does a Recording Fee work, and Why are Recording Fee’s important?
Recording Fee Definition

Recording fee explained

The word “recording fee” refers to the cost of registering or documenting the acquisition or sale of real estate by a government body. Because the transaction is documented, it becomes public information. The county where the transaction takes place usually charges recording costs, since it keeps track of all property sales and acquisitions. The recording fee differs from one county to the next.

Recording fee process

Closing fees are associated with the acquisition and sale of real estate. These are costs incurred by buyers or sellers in order to execute a transaction. Both parties may agree to divide the costs in specific instances. Appraisal fees, loan origination fees, title searches and insurance, surveys, taxes, and recording fees are all part of the closing costs.

Along with the title to a home or other piece of property, counties register mortgages and other liens against it. In most cases, these government entities charge a fee for their services. The recording fee is what it’s called. Counties levy a recording fee to pay the expenses of the services given by the clerk or recording agency, which must preserve full and correct copies of official documents in order to make information freely accessible to the public. These papers can be utilized for legal and transactional purposes, such as when a seller does a title search as part of the sale.

Importance of recording fees

For a variety of reasons, keeping track of recording fees is essential. It gives the public access to information about properties, such as who owns the title and, if appropriate, who has any extra liens. Failure to document the transaction—by failing to pay the necessary fees—can result in a variety of issues, including probable ownership disputes and difficulties obtaining a mortgage.

Many banks, in fact, will not complete a mortgage’s documentation until the recording costs have been paid in full and the transaction has been registered with the county.

While most of the procedure is now done online, several counties have yet to embrace or employ electronic record keeping, which can make the entire process take a long time.
Documents may be required to be submitted in person or mailed directly to the agency in these counties. Some organizations may additionally prefer that recording costs be paid by check, with credit card payments incurring extra penalties.

If you have any other questions regarding Recording Fee’s contact the mortgage experts at 864-397-8500 or click Mortgage Rates Today!
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