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Item 23 - Real Estate Title and Escrow Services
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03/02/2021 Regular
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Item 23 - Real Estate Title and Escrow Services
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4/10/2024 1:51:18 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
3/2/2021
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CHARGE <br />(Percentage of <br />applicable Base <br />POLICY <br />Rate unless <br />CLTA NO. <br />DESCRIPTION <br />FORM <br />otherwise indicated) <br />110.10-06 <br />Mortgage Modification & <br />Lender: <br />Additional Advance <br />Extended <br />The greater of: (a) <br />The applicable rate <br />for a 108.8-06 <br />Endorsement; or (b) <br />The applicable rate <br />for a 110.5-06 <br />Endorsement. <br />Minimum $300 <br />110.11-06 <br />Modification Mortgage <br />Lender: <br />(ALTA 11-06) <br />(Lender) <br />Extended <br />35% based on <br />unpaid balance <br />including additional <br />advance, if any. <br />110.11.1-06 <br />Mortgage Modification with <br />Lender - <br />(A LTA 11.1-06) <br />Subordination (Owner or <br />Extended <br />35% based on <br />Lender <br />unpaid balance <br />including additional <br />advance, if any. <br />110.11.2-06 <br />Mortgage Modification w- <br />Lender: <br />35% of Basic Rate <br />(ALTA 11.2-06) <br />Additional Amount of <br />Extended <br />for existing balance <br />Insurance <br />of loan; 100% of <br />Basic Rate for <br />additional advance <br />111-06 <br />Mortgage Priority, Partial <br />Lender: All <br />15% based on <br />Reconveyance (Lender) <br />Policies <br />unpaid balance <br />111.1-06 <br />Mortgage Priority, Partial <br />Lender: Alf <br />10% based on <br />Reconveyance (Lender) <br />Policies <br />unpaid balance <br />111.2-06 <br />Mortgage Priority, <br />Lender: <br />Subordination (Lender) <br />Extended <br />10% when issued <br />Standard <br />with policy; 30% if <br />attached <br />subsequent to issue <br />of policy. <br />111.3-06 <br />Mortgage Priority, <br />Lender: All <br />30% based on <br />Encroachment, address <br />Policies <br />unpaid balance. <br />(Lender) <br />111.4-06 <br />Mortgage Impairment After <br />Lender: Ail <br />10% based upon <br />Reconveyance (Lender) <br />Policies <br />loan balance. <br />87 <br />State of California <br />Effective: August 22, 2018 <br />
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