The Seaport Title Agency Blogs

Keep up-to-date on Title Industry and Real Estate news, read about notable transactions we recently completed, and be the first to know about updates to our extensive on-line real estate forms library.


At the closing, the title company retained by the purchaser raised an exception regarding the prior owners. I had been advised that the title company had resolved the matter, however it had not been accomplished and I was unaware of this. I contacted your company and was provided with necessary proofs, so that the closing was not delayed. I take the time to write to you because I appreciate the services rendered by all parties concerned. Their care and consideration should not go unrecognized and I thank them for their efforts. Robert Welthy

Recordings Costs for Accommodation Recordings

High Cost to Record Documents in Nassau and Suffolk County Posted: 02/21/2017

Due to the high cost to record documents in Nassau and Suffolk County, payment for all accommodation recordings must be made when documents are submitted to this office.

The recording charges are as follows:

Nassau County:

-Filing UCC-1 and UCC-3:        $380.00

-Deeds (Residential):               $920.00

            (Commercial):              $1,065.00

-Power of Attorney:                  $420.00

-Satisfactions:                          $785.00

-CEMA:                                    $1,005.00

-Subordination Agreement:       $785.00

-Assignment of Mortgage:         $785.00

-Mortgage:                                $880.00

-Modification Agreement:           $955.00

 

These are the charges when the document is to be recorded against only one block and one tax lot. Please include an additional $300 for each additional block the document must be recorded against and an additional $355 for each additional tax lot the document must be recorded against.

 

Suffolk County:

-Filing UCC-1 and UCC-3:       $80.00

-Deeds (Residential):              $515.00

            (Commercial):             $610.00

-Power of Attorney:                 $320.00

-Satisfactions:                         $610.00

-CEMA:                                   $650.00

-Subordination Agreement:      $610.00

-Assignment of Mortgage:        $610.00

-Mortgage:                               $695.00

-Modification Agreement:          $790.00

 

These are the charges when the document is to be recorded against only one tax lot. Please include an additional $200 for each additional tax lot the document must be recorded against.

If you have any questions, please feel free to contact this office.

New Searches and C/O Requirement

New Searches to Be Performed in New Rochelle and Babylon Posted: 04/13/2016

In order to ensure that potential purchasers are protected against new local requirements, we will be ordering new searches to include with our title report for properties located in New Rochelle and Babylon.

 New Rochelle:

New Rochelle imposes a fine for every false fire alarm after the first false alarm.  The town is setting up a mechanism allowing service companies to check for these fines before they are added to the tax bills. We will be performing searches to determine whether there are any fines to be collected.

Babylon:

-We will begin performing fire searches on residential properties as well as commercial properties to determine if there are any Fire Code issues.

-We will begin performing a sanitation search to determine if there are any outstanding bills for sanitation, commercial garbage, demolitions, lot clean-ups, and board ups.

-The Long Island Green Homes program offers certain energy bill savings in exchange for utility upgrades. Participants in the program can upgrade their utilities with the Town paying the contractor for the work. The town will then bill the homeowner on a monthly basis for the costs. If there is an outstanding balance, the requirement to pay this fee continues to the new homeowner after the home is sold.  We will begin performing a search with Long Island Green Homes to determine if the property is subject to a benefit assessment agreement.

These additional searches will alert the buyer of the property to additional potential costs that should be considered in the transaction.

Islandia:

Islandia has been requiring that search companies provide a copy of a survey along with requests for certificates of occupancy. The New York State Land Title Association is attempting to set up a meeting with the town in order to discuss this requirement.

If you have any questions, please feel free to contact this office.

New Form Added to Our Online Real Estate Forms Library: ACRIS and Prep Request Form

ACRIS and Prep Request Form added to the Applications category in our forms library Posted: 05/24/2013

We recently added a new form, "ACRIS and Prep Request Form", to our online real estate forms library! Click here to download.

New Form Added to Our Online Real Estate Forms Library: TP-584 (4/13)

TP-584 (4/13) added to the Tax Forms category in our forms library Posted: 04/04/2013

We recently added a new form, "TP-584 (4/13)", to our online real estate forms library! Click here to download.

Updated Form Available in Our Online Real Estate Forms Library: Executor's Deed

Executor's Deed updated in the Deeds category in our forms library Posted: 06/14/2012

We recently update the form, "Executor's Deed", in our online real estate forms library! Click here to download.