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The minimum escrow fee is $275.00 -
For transactions over $500,000.00 please phone for a quote
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Mobile home closings: add $100.00
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Title elimination: add $50.00
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Mortgage only closings fees are 50% of the posted fee.
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Express/Wire fees will have an additional charge.
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Benton Franklin Title Company reserves the right to amend the escrow fee to compensate for the amount of work incurred.
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.