AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT
Priority One Title, LLC
Date: ___ /____/ 20___ Seller/Buyer: ______
Property Address: ______
This is to give you notice that My Castle FSBO, Inc. (“FSBO”) has a business relationship with Priority One Title, LLC (“Title Company”). The Title Companyis a Texas limited liability company in which an affiliate of FSBO, My Castle Title, Inc., (“My Castle”) has a financial interest as an Owner-Member. FSBO and My Castle have common ownership by Michael Greiner and Gary Bisha. The Title Company, an agent of Southern Title Insurance Corp.,will conduct the closing. The Title Company will receive a portion of the title insurance premium. Representatives of FSBO and My Castle are not employees of the Title Company. All matters regarding title or the closing should be discussed directly with an Escrow Officer of the Title Company.
- Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for the settlement of your loan on, or the purchase, sale, or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. However, in the State of Texas, title insurance premiums are set by the State Department of Insurance.
Owner’s PolicyExample: If Purchase Price = $100,000; Premium = $871
Mortgagee’s Policy$100 (est.)
Endorsements to Title PoliciesVaries from $20 to 15% of Owner’s Policy Amount
- Set forth below is the estimated charge or range of charges for the settlement that the Title Company will require in connection with the closing of the transaction for the subject property:
Escrow Fees$400.00
Tax Certificates$55 (Est.) – will vary by county
Recording Fees$50-$80 – will vary by county
Courier Fees$50-$150 – will vary
My Castle FSBO, Inc. By: ______
My Castle Title, Inc.Authorized Representative of My Castle FSBO, Inc. and My Castle Title, Inc.
ACKNOWLEDGMENT
I/We have read this disclosure form, and understand that FSBO is referring me/us to the Title Company to purchase the above-described settlement service(s) from the Title Company, and that FSBO may receive a financial or other benefit as the result of this referral.
THE UNDERSIGNED HAVE READ, UNDERSTOOD, AND HAVE BEEN GIVEN A COPY OF THIS DISCLOSURE ON THIS THE ______DAY OF ______, 20______.
______
Signature of Seller/Buyer (circle one)
______
Signature of Seller/Buyer (circle one)