https://www.escrowspecialists.com/wp-content/themes/escrowSpec Schedule of Fees | Escrow Specialists

Schedule of Fees

Services Available

Initial Setup Fee – $100.00
Service fee is based on number of payments being made per year on contract/Note:
Service Fee for monthly payment contract- $20 per month ($240.00 a year)
Service Fee for quarterly payment contract – $40 per quarter ($160.00 a year)
Service Fee for bi-annual payment contract – $75 ($150.00 a year)
Service Fee for one annual payment contract- $130.00

Service fees include

  • Billing statements sent to buyer/tenant and copy to seller/landlord providing the following information:
    • Next due date and payment amount
    • Amount of any late fee assessments
    • Date and amount of last payment received
    • Principal balance after last payment
    • Reserve balance after last payment
    • Year-to-date interest
  • One annual or monthly amortization
  • Disbursement of two checks per month
  • Automatic late fee assessment
  • Online access to account information
  • Late notice sent to buyer/tenant with copy sent to seller/landlord
  • Reserve account for property tax and insurance

Additional services available

  • Each additional monthly disbursement (per month) – $2.00
  • Assignment of buyer’s or seller’s interest – $50.00
  • Modification fee – $30.00
  • Demand Notice sent certified mail – $50.00
  • Returned check fee – $25.00
  • Closeout fee – $35.00
  • Automatic withdrawal – $1.00
  • Back up withholding – $40.00month
  • Depository services – Call for quote
  • Payoff quote – $30.00
  • Reinstatement quote – $25.00
  • Request for reconveyance – $30.00
  • Substitution of trustee – $10.00
  • Mortgage verification fee – $20.00
  • Payment by phone – $5.00
  • Account research – $50.00hr
  • Payment history for each year requested – $5.00