Are there any extra costs when using real estate as collateral?
Mesa Leasing requires a recent appraisal (within the past 6 to 12 months) and title insurance when using real estate. If no current appraisal is available, one can be ordered and paid for at the door by the client. The cost is about $350 for personal property. (Commercial appraisals are quoted on a job-by-job basis). The cost for title insurance is $550 and is collected upfront when the client accepts the approval. We need a check for $800 to cover the cost of title insurance and docs and is non-refundable should the client change their minds.
