Terms of Estimate
This document is an estimate prepared by W. Park National Title Agency, LLC for planning and informational purposes only. It is not a commitment to insure, a binding quote, or a title insurance policy.
Figures are calculated from the property value, transaction structure, and data entered at the time of preparation, applying the governing statutes, rules, and rate manuals in effect on that date. Title insurance premiums are calculated per the TIRSA New York Rate Manual (effective 10/01/2024). New York mortgage recording tax is calculated per NYS Tax Law Article 11 §§ 253, 253-a through 253-g, together with applicable county and New York City additions. Actual charges at closing may differ based on survey findings, municipal search results, title examination, lender requirements, changes in tax rates or recording fee schedules, and other factors identified during the closing process. Final figures are determined at closing on the signed settlement statement (HUD-1, ALTA Settlement Statement, or Closing Disclosure, as applicable). This estimate does not reflect negotiated lender credits, seller concessions, or buyer/seller allocations not entered above.
Nicole Wolosoff, Esq. is licensed to practice law in New York and New Jersey. W. Park National Title Agency operates in New York. For legal advice on any closing matter, please consult counsel licensed in the relevant jurisdiction.
This estimate is provided as a customer service in connection with a real estate transaction. It is available without charge to all real estate professionals and consumers, and is not contingent upon the referral of any settlement service business to W. Park National Title Agency, LLC.
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