Page 52 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

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 WEST VIRGINIA
Title Insurance Rates WEST VIRGINIA
Filed

Form of Conveyance WEST VIRGINIA
Warranty Deed; Quitclaim Deed

State Encumbrance Forms WEST VIRGINIA
Deed of Trust
Customary Closing Entity WEST VIRGINIA
Attorney

Commitment Issued? Duration? WEST VIRGINIA
Yes; 6 Months
When Is Invoice Issued? WEST VIRGINIA
With Commitment
Deed Transfer Tax? WEST VIRGINIA
Yes

Mortgage Tax? WEST VIRGINIA
No

Leasehold Tax? WEST VIRGINIA
No

Remote Online Notarization (RON) Status WEST VIRGINIA
In Effect

CUSTOMARY SPLITS
Owner's Policy Premium WEST VIRGINIA
Buyer Pays

Loan Policy Premium WEST VIRGINIA
Buyer Pays

Title Search and Exam Fees WEST VIRGINIA
Buyer Pays

Survey Charges WEST VIRGINIA
Buyer Pays

Deed Transfer Tax WEST VIRGINIA
Seller Pays

Mortgage Tax WEST VIRGINIA
Not Applicable

Closing Fees WEST VIRGINIA
Residential: Buyer Pays
Commercial: Divided Equally

Recording Fees WEST VIRGINIA
Buyer Pays to Record Deed and Mortgage
Seller Pays to Record Documents to Remove Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 52
oldrepublictitle.com/NCS