Page 8 - 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 CALIFORNIA
Title Insurance Rates CALIFORNIA
Filed

Form of Conveyance CALIFORNIA
Grant Deed; Quitclaim Deed

State Encumbrance Forms CALIFORNIA
Deed of Trust; Mortgage
Customary Closing Entity CALIFORNIA
Title or Escrow Company; Others

Commitment Issued? Duration?
CALIFORNIA
Yes, Upon Request; 6 Months
When Is Invoice Issued? CALIFORNIA
At Closing
Deed Transfer Tax? CALIFORNIA
Yes; Documentary and City Transfer Tax Where Applicable

Mortgage Tax? CALIFORNIA
No

Leasehold Tax? CALIFORNIA
Yes; If ≤ 35 Years (Less Options) Documentary and City Transfer Tax Where Applicable

Remote Online Notarization (RON) Status CALIFORNIA
Not Permitted

CUSTOMARY SPLITS
Owner's Policy Premium CALIFORNIA
Varies by County

Loan Policy Premium CALIFORNIA
Buyer Pays

Title Search and Exam Fees CALIFORNIA
Included in Premium

Survey Charges CALIFORNIA
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax CALIFORNIA
Seller Pays; Varies for City Taxes

Mortgage Tax CALIFORNIA
Not Applicable

Closing Fees CALIFORNIA
Varies by County

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

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