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Philadelphia Records Department Announces Fee Increase

Philadelphia Records Department Announces Fee Increase

Effective February 20, 2012 the Philadelphia Records Department will institute a new Fee Schedule.  Records Commissioner Joan Decker recently released the new fee breakdown.  Although the increase is not all that much it is important to note especially with the new GFE Rules for loan originators.

For those consumers out there reading this please contact a Philadelphia Title Company with any questions.  Essentially your fees on line 1201 will be slightly increased for any Deed or Mortgage being recorded.  For those investors purchasing in Philadelphia you will note a slight increase in recordation for UCC recording.

Philadelphia Transfer Tax remains at the lofty 3% of the purchase price in conjunction with Pennsylvania Realty Transfer tax at 1%.  Below is a more thorough breakdown of the changes about to take place.

Pursuant to PA Act No. 49 amending Title 42 (Judiciary and Judicial Procedures) and effective December 8, 2009, the following is the list of restated fees:

RESTATED  FEES  OF  THE  DEPARTMENT  OF  RECORDS

DEED – Recording Fee………………………………………………………………………………………… $102.00

Philadelphia Housing Trust Fund Fee ……………………………………………………………………..   102.00

State Writ Tax………………………………………………………….………….………………         .50

County Fee………………………………………………………………………………………..       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total…………………………………………………………………………………….. $230.00

DEED – Deceased Spouse/Partner

State Writ Tax………………………………………………………….………….………………         .50

County Fee………………………………………………………………………………………..       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total……………………………………………………………………………………..   $26.00

MORTGAGE  –  Recording Fee………………………………………………………………………   $87.00

Philadelphia Housing Trust Fund Fee ………………………………………………………………………..    87.00

State Writ Tax……………………………………………………….……………………………         .50

County Fee……………………………………………………………………………………….       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total……………………………………………………………………………………. $200.00

ASSIGNMENT  OF  MORTGAGE – Recording Fee………………………………………………..   $86.00

Philadelphia Housing Trust Fund Fee ……………………………………………………………………          86.00

State Writ Tax…………………………………………………….………………………………          .50

County Fee……………………………………………………………………………………….       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total……………………………………………………………………………………. $198.00

RELEASE  OF  MORTGAGE – Recording Fee……………………..….…………………………..   $86.00

Philadelphia Housing Trust Fund Fee…………………………………………………………………………….      86.00

State Writ Tax…………………………………………………………………………………….         .50

County Fee……………………………………………………………………………………….       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total……………………………………………………………………………………. $198.00

MORTGAGE  SATISFACTION  PIECE – Recording Fee………………………………………….   $86.00

Philadelphia Housing Trust Fund Fee …………………………………………………………………….        86.00

State Writ Tax……………………………………………………………….……………………..         .50

County Fee……………………………………………………………………………………….       2.00

Access to Justice Fee……………………………………………………………………………     23.50

Total……………………………………………………………………………………. $198.00

NOTARY  PUBLIC  COMMISSION  AND  BOND – Recording Fee…………..…………………   $86.00

State Writ Tax………………………………………………………………..…………………..         .50

County Fee…………………………………………………………………..……………………       2.00

Special Writ Tax 1…………………………………………………………..……………………       2.00

Special Writ Tax 2………………………………………………………………………………..     10.00

Total…………………………………………………………………………………….. $ 100.50

 UCC (per document)  $95.00

Department of Records Recording Fee                                                86.00

State Writ Tax                                                                                             .50

County Fee                                                                                                      2.00

Total                                                                                                          $183.50

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