Attorney supervised closings, fast title work and clear figures across the Charlotte region.
Element Title Group handles Charlotte area title and settlement work with attorney supervised closings, quick title searches and figures your clients can actually read. We serve buyers, sellers, realtors, lenders, builders and investors across Mecklenburg, Union, Cabarrus, Gaston and Iredell counties, and statewide across North Carolina.
North Carolina is an attorney closing state. A North Carolina licensed attorney must supervise the title work and the closing, so every North Carolina file we handle is attorney reviewed from title opinion through recording. We manage the search, the figures, the coordination and the disbursement side, while the supervising attorney handles the legal work the state reserves for counsel.
North Carolina also does something unusual and helpful: the deed is typically recorded first and funds are disbursed after the update, under the state's Good Funds Settlement Act. It protects everyone at the table, and it means the last hour of a Charlotte closing runs on a tighter script than in some other states.
North Carolina charges excise tax on the deed at $1.00 per $500 of consideration or value, which is $2 per $1,000. On a $450,000 Charlotte home that is $900. State law places the tax on the transferor, so the seller customarily pays it. A small number of counties, mostly at the coast, add a local land transfer tax; Mecklenburg does not.
These are current state rates, shown to help you plan. Attorney fees, recording costs, endorsements and prorations vary by transaction, so ask us for a net sheet with your actual numbers.
North Carolina title insurance is issued on the strength of an attorney's title opinion, which is why the attorney requirement and the title policy are so closely linked here. An owner's policy is optional but inexpensive relative to what it protects, and we quote it on every file so you can decide with the number in front of you.
We close statewide as well, including Raleigh, Durham, Greensboro, Wilmington and Asheville.
Yes. A North Carolina licensed attorney must supervise the closing and the title work. We build that into every North Carolina file, so it is handled rather than left to you to arrange.
State law puts the excise tax on the transferor, so the seller customarily pays it at $1.00 per $500 of the sale price. As always, the contract can assign costs differently.
North Carolina's Good Funds Settlement Act calls for the deed to be recorded and the title updated before funds go out. It closes the gap where a last minute lien could slip in, and it is one of the safer closing procedures in the country.
Remote online signing is available in North Carolina where the lender, the supervising attorney and the document types allow it. Otherwise we arrange a mobile notary or a mail away package for an out of state party.
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