ST9902-CS090616(9/1412009) Ken Griffin -Fwd: Title Insurance and closing costs
From: Keith Marvin
To: Griffin, Ken
Date: 6/ 16/200911:13 AM
Subject: Fwd: Title Insurance and closing costs
Attachments: Ownership spreadsheet (3).xls
Ken,
Our consultant assisting with the ROW acquisition on W. Sandy Lake is proposing that we use a title company to close the
acquisition, and that we purchase title insurance. They are concerned that there may be liens on the property that we have
no knowledge of, and that we could therefore open ourselves to liability by not doing a title search. Attached is a cost
analysis of using the title company and purchasing a title policy.
Do you have an opinion on this? I have never gone this route before, but he does make a good point.
Keith
Keith Marvin, P.E.
Project Engineer
(972) 304-3681
»> "Bill Wimberley" <bwimberleyCltnp-online.com> 6/5/2009 2:49 PM »>
Keith, attached is the estimated Title Insurance and closing costs for
the parcels on Sandy Lake Road. Let me know if you want to get the Title
insurance and I will request title commitments from the Title Company.
Thanks,
W.L.(Bill) Wimberley, P.E.
ROW/Utility Manager
TEAGUE, NALL & PERKINS, INC.
1100 Macon Street
Fort Worth, Texas, 76102
817.665.7130 Direct
817.336.5773 Main
817.319.9447 Mobile
817.336.2813 FAX
bwimberleyCltnp-online.com
www.tnp-online.com
Page 1
City of Coppell
Sandy Lake Road Fr: Coppell Road, N. To: Denton Tap Road
Owner
Parcel Numberarea(sq.ft.)addressWhole Prop. Area(Ac)Unit CostSq/Ft PriceValue of New ROWApprox Title Policy Closing/Recording fees
Alex & Martha Pier
121,510.00101 Cottonwood Drive4.865$135,000.00$3.09917$66,663.22$616$348.93
Roger Jack Anderson &
Debbie Anderson
220,270.00100 Cottonwood Drive4.938$135,000.00$3.09917$62,820.25$591.00$348.93
Billy E. Mills, Jr.
32,257.00250 W. Sandy Lake Road0.345$350,000.00$8.03489$18,134.76$290.00$348.93
Mark Lee Bestor & Christina
M. Lawson
43,814.00101 Oak Trail0.618$350,000.00$8.03489$30,645.09$370.00$348.93
Arcelia Beas & Robert A.
Beas
53,261.00100 Oak Trail0.505$350,000.00$8.03489$26,201.79$340.00$348.93
Janice Lynette Phillips
62,788.00101 Shadydale Lane0.505$350,000.00$8.03489$22,401.29$315.00$348.93
Robert D. Anderson &
Robin L. Anderson
71,924.00100 Shadydale Lane0.412$350,000.00$8.03489$15,459.14$265.00$348.93
General Telephone
Company of the Southwest
82,459.00201 W. Sandy Lake Road2.1427$217,800.00$5.00000$12,295.00$248.00$348.93
General Telephone
Company of the Southwest
9402.00197 W. Sandy Lake Road2.761$217,800.00$5.00000$2,010.00$229.00$348.93
ROW EST. TOTAL$256,630.53
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