Page 4 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 4
State Locations
A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS ALABAMA
Title Insurance Rates ALABAMA
Filed
Form of Conveyance ALABAMA
Warranty Deed
State Encumbrance Forms ALABAMA
Mortgage
Customary Closing Entity ALABAMA
Attorneys and Settlement Agents
Commitment Issued? Duration? ALABAMA
Yes; 6 Months
When Is Invoice Issued? ALABAMA
With Commitment
Deed Transfer Tax? ALABAMA
Yes; Deed Tax
Mortgage Tax? ALABAMA
Yes
Leasehold Tax? ALABAMA
Yes
Remote Online Notarization (RON) Status ALABAMA
Not Permitted
CUSTOMARY SPLITS
Owner’s Policy Premium ALABAMA
Negotiable
Loan Policy Premium ALABAMA
Borrower Pays
Title Search and Exam Fees ALABAMA
Negotiable
Survey Charges ALABAMA
Negotiable
Deed Transfer Tax ALABAMA
Buyer Pays
Mortgage Tax ALABAMA
Borrower Pays
Closing Fees ALABAMA
Negotiable
Recording Fees ALABAMA
Buyer Pays
UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 4
oldrepublictitle.com/ncs Updated 07/2023
