Page 11 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS DELAWARE

Title Insurance Rates DELAWARE
Filed

Form of Conveyance DELAWARE
Special Warranty Deed; General Warranty Deed

State Encumbrance Forms DELAWARE
Mortgage

Customary Closing Entity DELAWARE
Attorney

Commitment Issued? Duration? DELAWARE
Yes; 6 Months

When Is Invoice Issued? DELAWARE
At Closing

Deed Transfer Tax? DELAWARE
Yes; Realty Transfer Tax

Mortgage Tax? DELAWARE
No

Leasehold Tax? DELAWARE
No

Remote Online Notarization (RON) Status DELAWARE
Law Passed, Not Effective Until 8-1-2023
CUSTOMARY SPLITS

Owner’s Policy Premium DELAWARE
Buyer Pays

Loan Policy Premium DELAWARE
Buyer Pays

Title Search and Exam Fees DELAWARE
Buyer Pays

Survey Charges DELAWARE
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax DELAWARE
Divided Equally

Mortgage Tax DELAWARE
Not Applicable

Closing Fees DELAWARE
Negotiable

Recording Fees DELAWARE
Buyer Pays

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 11

oldrepublictitle.com/ncs Updated 07/2023