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In today’s fast paced real estate market, Bankers
Title Shenandoah understands that real estate professionals need
their title insurance requests handled quickly and accurately, while
also providing excellent customer service. Our knowledgeable staff
is available to assist you with your real estate transaction. We
understand that time is of the essence in a real estate closing,
so we strive to abide by the following service standards:
| Service Deadlines |
| Service |
Deadline |
| Search/Binder |
4 business
days. This includes the time to perform the
title search (3 business days) and issue the
binder (1 business day). |
| Binder Only |
1 business day from
receipt of the preliminary report, less if
at all possible. |
| Endorsements |
Same business day. |
| Recordings |
24 hour
notice is required for scheduling Rush/emergency
requests will be accommodated in less time
if possible. |
| Final
Policies |
Final
Policies will be completed within 48 hours
from the time we receive the application and
all proof that the requirements in the binder
have been met. |
| NOTE: If we are unable
to meet our service deadlines due to unexpected
delays or circumstances beyond our control,
you will be notified as soon in advance as
possible. |
| Rate Sheet
- Virginia Plan |
| Binder/Commitment
fee: |
$45.00 |
| Simultaneous issue
for mortgagee and owner's coverage |
Owner's Rates plus
$40.00 |
| Mortgagee coverage
only |
$2.75 per $1000 up to $250,000
$2.60 per $1000 for $250,001- $500,000
$2.40 per $1000 for $500,001 - $1,000,000
|
| Owner’s coverage
only |
$3.75 per $1000 up
to $250,000
$3.60 per $1000 for $250,001 - $500,000
$3.40 per $1000 for $500,001 - $1,000,000 |
| Reissue Rates* (First Mortgage) |
70% of orginial rate. Original policy must be no more than 10 years old. |
| Minimum policy amount: |
$100.00 |
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Residential Search Fees** : |
|
| Full
Search (40 years) |
$150.00 |
Current
owner search
with Back Title Policy |
$85.00 |
| Update
and record*** |
$40.00 |
| Update
for constructon draws |
$30.00 per |
Notes:
* Reissue rates will be given on any title
company’s prior policy.
A copy of the prior policy
must accompany search order.
** All search fees are approximate.
*** Documents must be delivered to the bank
branch closest to the Courthouse.
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| Commercial/Acreage: |
Contact Bankers Title
for rate quote. |
| Please feel free to contact Bankers
Title at (540) 678-8200 for a specific
quote, possible discounts or further information on Title Insurance. |
The calculator for Title Insurance Premiums has been moved to the Market Area & Links page
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