Schedule of Escrow Charges
Performed by BENTON-FRANKLIN TITLE
COMPANY
Effective as of June 12, 2008
The rates quoted in the General Escrow
Fee Schedule, as attached, are minimum charges that are to
be made for the customer services performed and the usual
risks assumed in each transaction.
If it is determined that additional
work is required for a particular transaction, the company
reserves the right to make additional charges as may be
deemed necessary
to properly compensate the Company for such additional work.
An example of same may be a substantial restructuring of the
transaction subsequent to the original delivery of the
Purchase and Sale Agreement, or multiple redrafting of
documents. If additional work charges become necessary, the
parties will be advised of these additional charges as soon
as possible and afforded the opportunity to cancel.
Escrow transactions that are not
one-to-four family residential land or vacant land intended
for residential use will be determined by negotiation.
Governmental Agencies or other
instrumentalities acquiring or disposing of real estate may
be based upon agreement between the agency and the escrow
company. Minimum fee: $200.00.
A charitable or non-profit entity may
receive a rate reduction of 50% of the general schedule.
Minimum fee: $200.00.
The escrow fee will be waived for
employees of the Company of affiliated companies, when the
transaction involves the refinance, sale or purchase of the
employee's primary residence.
Transactions involving mobile or
manufactured homes (where the title has not been eliminated
of record) will be charged an additional $150.00.
A charge of $100.00 may be added for
each monetary lien requiring record release (e.g. deeds of
trust, mortgages, real estate contracts, judgments, etc.)
where the recordable release documents are not received at
the time of closing. This fee may be waived if the creditor
responsible for the release is a local entity or person and
the receipt of the release documentation post closing is
assured.
A fee of $25.00 may be charged for each
credit card that is paid at the request of a lender in a
refinance transaction.
A wire service fee of $30.00 may be
charged for each out going wire.
An electronic document service fee of
$30.00 may be charged for receipt of an electronic loan
package.
An express fee of $30.00 will be added
for express packages. Refunds for an overage will not be
made nor billing for a shortfall from the exact amount
billed to the company, when the courier fee cannot be
accurately determined at the time of closing.
Additional work charges disallowed by
the VA may be waived.
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