Hilton Head closing costs?

[Lorana]

I just received my closing docs for my second HHI contract, and noticed that the closing fees were about $200 or so more than my previous closing (same amount of points; 50). The first contract had Hayes Title Co as the closing company, and this one is with Mason Title Co (who is usually my go-to closing company). Mason actually breaks down the closing costs nicely, and I saw that I'm charged Attorney Fees, which wasn't in the breakdown of Hayes closing:

Hayes: $439.80
$300 closing
$100 title search
$39.80 recording fees

Mason: $639.30
$75 - Owner's Title Insurance to Netco, Inc
$75 - Title Search to Netco, Inc
$250 - Attorney's Fees to Holler Law Firm
$200 - Closing Fee to Netco, Inc
$5 - Title Recording Service Fee (Pass Thru)
$10 - Recording Fees: Deed
$14.80 - State Deed Tax/Stamps (Pass Thru)
$9.50 - City Deed Tax/Stamps (Pass Thru)

I was told that this is because I am required to have an attorney by South Carolina state law, and I presume then that was just included in the closing fee with Hayes. I just wish this had been disclosed up front. I'd be almost tempted to have requested Hayes again (even though I prefer Mason) just to avoid the $200 additional cost (since for a small contract, that's like another $4/point!).

 

[TheSouthernBelle]

I just received my closing docs for my second HHI contract, and noticed that the closing fees were about $200 or so more than my previous closing (same amount of points; 50). The first contract had Hayes Title Co as the closing company, and this one is with Mason Title Co (who is usually my go-to closing company). Mason actually breaks down the closing costs nicely, and I saw that I'm charged Attorney Fees, which wasn't in the breakdown of Hayes closing:

Hayes: $439.80
$300 closing
$100 title search
$39.80 recording fees

Mason: $639.30
$75 - Owner's Title Insurance to Netco, Inc
$75 - Title Search to Netco, Inc
$250 - Attorney's Fees to Holler Law Firm
$200 - Closing Fee to Netco, Inc
$5 - Title Recording Service Fee (Pass Thru)
$10 - Recording Fees: Deed
$14.80 - State Deed Tax/Stamps (Pass Thru)
$9.50 - City Deed Tax/Stamps (Pass Thru)

I was told that this is because I am required to have an attorney by South Carolina state law, and I presume then that was just included in the closing fee with Hayes. I just wish this had been disclosed up front. I'd be almost tempted to have requested Hayes again (even though I prefer Mason) just to avoid the $200 additional cost (since for a small contract, that's like another $4/point!).

I live in SC and am a SC notary, that is correct, an attorney has to be present during any real estate closing. I would guess that some fees have increased, not sure how long ago your first closing was.

 

[Lorana]

I live in SC and am a SC notary, that is correct, an attorney has to be present during any real estate closing. I would guess that some fees have increased, not sure how long ago your first closing was.

Thanks!

The first was in December 2020, so about 6-7 months ago. The second was now, June 2021.

 

[TheSouthernBelle]

OK, not that far off in time. If dollar amounts on the contracts were similar, it just sounds like Mason has higher fees.

 

[we"reofftoneverland]

Thanks!

The first was in December 2020, so about 6-7 months ago. The second was now, June 2021.

OK, not that far off in time. If dollar amounts on the contracts were similar, it just sounds like Mason has higher fees.

Mason was more expensive for us in Florida than other resales and we will not use them again.

 

[hhisc16]

I used Mason for both of my HHI resale contracts.
Both contracts used Holler Law Firm for 250 each closing. (same lawyer in SC)
For my 50 and 25 pt contracts, it did add about 4/5 dollars per point, but I think it is required in SC for real estate closings?

 

[MICKIMINI]

We closed on a small HHI contract early in the year and were surprised at the cost to close. We actually had to talk with an attorney on the phone to close. It was a 5 minute conversation just to satisfy the law it seemed. We're glad we bought it and are looking forward to staying at HHI!