Michigan Real Estate Title Rates - BBC Title Agency
BBC TITLE IS AN AGENT FOR
FIRST AMERICAN TITLE
INSURANCE COMPANY



22260 Haggerty Road, Suite 180
Northville, Michigan 48167
248-348-1005
Fax 248-348-1077

All rates are based on the guidelines for pricing set
in place by American Land Trade Association (ALTA) 2005

All-Inclusive Rate Plan
Owner’s and Leasehold Policies; Loan Policies if one or more
standard exceptions (*) are removed

For the first $1,000 of liability (or fraction thereof) $210.00
For each additional $1,000 (or fraction thereof) in excess of $1,000 and up to $50,000 $5.00
For each additional $1,000 (or fraction thereof) in excess of $50,000 and up to $100,000 $4.00
For each additional $1,000 (or fraction thereof) in excess of $100,000 and up to $200,000 $3.50
For each additional $1,000 (or fraction thereof) in excess of $200,000 and up to $300,000 $3.00
For each additional $1,000 (or fraction thereof) in excess of $300,000 and up to $1,000,000 $2.50
For each additional $1,000 (or fraction thereof) in excess of $1,000,000 and up to $4,000,000 $2.00
For each additional $1,000 (or fraction thereof) in excess of $4,000,000 and up to $5,000,000 $1.50
For each additional $1,000 (or fraction thereof) in excess of $5,000,000 $1.00


RE-ISSUE CREDITS
(up to the amount of the existing policy)

Less than 1 year 60%
1-3 Years 40%
3-5 Years 20%
5 Years and over 10%

Refinance Rate
When a first mortgage loan is refinanced by the same borrower, a rate which is 50% of the Basic Rate will be charged based upon the lesser of: the face amount of the prior first mortgage or the policy to be issued. Any additional coverage in excess of the face amount of the prior first mortgage will be issued at the Basic Rate. If the prior first mortgage is less than one year old and the application of the reissue rate in Section III hereof would result in a lower premium, the lower premium will apply. The minimum charge for a policy issued under this paragraph will be $210.00 under Sections IA and IV, and $220.00 under Section IB.

The Company may require that the previous policy or a complete copy thereof be presented to the Company or its agent for review before agreeing to provide the refinance loan rate.

*All rates are subject to change without notice or obligation.