Posted by John Behle on March 23, 2000 at 19:59:45:
For drafting documents and closing a transaction, it can run as little as $35-150. The low end would be just drafting documents. There usually is no need for any kind of a formal closing, yet I do that at times.
If they are providing any title insurance (as in our conversation on the phone today), then the fees may be less for closing, but you have the insurance which can run in the hundreds.
Like we discussed in your small deals, heavy costs have to be weighed into it and you may want to look at alternative methods other than appraisals and a title insurance policy.
Where you were unsure of the previous assignment, I would pursue the possibility of the seller of the note throwing in a new note with collateral.
Again, meet the need without assuming the problem.