What Is A Sub-Escrow Fee?
 

What Is A Sub-Escrow Fee? 

A Fee Charged By A Title Company For The Following Services:

Coordinating with escrow/lender for recording

Verify & update pay-off demand figures with lender

Verify payment of property taxes

Calculate the pay-offs on the day of closing

Disburse all pay-offs & net proceeds per instructions

Upon confirmation of recording, notify escrow company

Process refunds

 

 

 

 

This information is designed to provide accurate and authoritative information in regard to the subject matter covered. It is given with the understanding that the author is not engaged in rendering legal service. If legal advice or other expert assistance is required, the services of a competent legal person should be sought.

 

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