Hi Lori,

Unless they are a client that I do a lot of business for OR they have a back policy.

I start the fee at $600-$650 as a quote but at that time I say I usually start with this figure but it depends on what the indexing looks like and how many ground leases that I will have to run. You cannot tell how many entities will need to be run until you look at the deeds and indexing. You may have to run parties because of access issues and you will need to do corporation searches as well as UCC at the state level as some filings are not often recorded. They can be very time consuming and I would keep that in mind depending on your client base. I usually say a week at the very least and that is usually with a policy. If they get it back sooner great but at least you would not have to rush. You can adjust this by telling them that you will have to look at the deed and indexing before you can approximate time. Take one full day to get back to them-giving yourself time to get an accurate picture of what is really going on so that you do not under-estimate time frame or fee.

There are some pretty big mortgages on record and some without proper exhibits. Like a 71 million dollar mortgage with a less than adequate description. When in doubt include it and let them figure it out. This will assure that you will not be responsible for overlooking something. Question everything and take your time. Hope this helps!