Title Insurance rates are not regulated by the State of Virginia, therefore, title rates can vary between title insurers. The State of Virginia has three transfer taxes and two recordation taxes (think of the recordation tax as a mortgage tax stamp). The buyer typically pays the state and county deed transfer tax. The seller pays a transfer tax to the state, also known as the VA Grantor tax. Should there be a mortgage on the property, the buyer will pay a recordation tax to the State of Virginia and the county. This closing cost calculator should be useful for the mortgage lender's GFE and HUD-1. Additional state title insurance and transfer tax calculators can be found here: Title Insurance Page.
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P. Joy Siegel, Esquire