Page 4 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 4

State Locations

                                                                                                 A STATE- BY- STATE GUIDE
        R E A L         E S T A T E           L A W S          &      C U S T O M S                    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



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