For Buyers For Sellers 1031 Exchanges What Is An Escrow? Life Of An Escrow Title Insurance Holding Title Who Pays for What? Mello Roos Tax Calendar Open Order New Rates Effective 6/8/08 Who pays what in Marin County? The SELLER is generally expected to pay for: Real Estate Commission Document Preparation Fee for the deed Documentary Transfer Tax Payoff of all loans recorded against the property, including Accrued Interest including Statement Fee, Trustee Fee, Reconveyance Fee, Demand Fee, Prepayment Penalty, Fax Fee Judgments, Tax Liens, etc. against the Seller Recording Charges to clear all documents of record against the Property Tax pro-ration (for any taxes unpaid at the time of the transfer of Title) Unpaid Homeowner's Dues Delinquent Taxes Notary Fees Bonds or Assessments (according to the Contract) Termite Work (according to the Contract) Home Warranty (according to the Contract) The BUYER is generally expected to pay for: Title Insurance Premiums ALTA Inspection Fee Escrow Fee Document Preparation (if applicable) Recording Charges for all documents in the Buyersı names Tax Pro-ration (from the date of acquisition) Homeowner's Transfer Fee All new Loan Charges (except those required by the Lender for the Seller to Pay) Interest on the new Loan from the date of funding to 30 days prior to the First Payment Date Assumption/Change of Records Fees for takeover of Existing Loan Beneficiary Statement Fee for assumption of Existing Loan Inspection Fees (roofing, termite, property inspection, geological etc.) Fire Insurance Premium for the first year Consumer Debt as may be required by the Lender Notary Fees Any Bonds or Assessments (according to the contract) Termite Work (according to the Contract) Home Warranty (according to the Contract) © 2007 California Land Title of Marin. All rights reserved.