RATES FOR TITLE INSURANCE IN THE STATE OF NORTH CAROLINA
Regular Title Insurance Rates for a Lender's and/or an Owner's Policy
Per Thousand
Up to $100,000
$ 2.00
$100,000 to $500,000
$ 1.50
$500,000 to $2,000,000
$ 1.00
$2,000,001 to $7,000,000
$ 0.75
$7,000,001 and above
$ 0.50
Summary of Closing & Escrow Procedures around the United States
This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.
NORTH CAROLINA - Attorneys or lenders may handle closings, and corporate agents issue title insurance. Conveyance is by warranty deed. Deeds of trust with private power of sale are the customary security instruments. North Carolina uses ALTA policies, but these require an attorney’s opinion before they’re issued. Buyers and sellers negotiate the closing costs, except that buyers pay the recording costs, and sellers pay the document preparation and transfer tax costs. Property taxes fall due annually on the last day of the year.
