|
Schedule of Escrow Charges
Performed by
WALLA WALLA COUNTY TITLE COMPANY
Effective as
of June 12, 2008
The rates
quoted in the General Escrow Fee Schedule
are minimum charges that are to be made for
the customer services performed and the
usual risks assumed in each escrow
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.
Multiple
Issue (formerly called builder/subdivider
rates) rate reductions are based upon the
reduction of labor involved in the multiple
transactions occurring over an unspecified
period of time involving lots within the
same subdivision and/or the same builders,
developers or investors.
The Multiple Issue Rate is 60% of the
General Rate Schedule.
Governmental
Agencies or instrumentalities acquiring or
disposing of real estate may be based upon
agreement between the agency and the escrow
company.
Minimum Fee:
$200
A charitable
or non-profit entity may receive a rate
reduction of 50% of the General Schedule.
Minimum fee:
$200
The escrow
fee will be waived for employees of the
Company or 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.
An additional
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.
The fee will also be waived for
reconveyances of Deeds of Trust where Walla
Walla Title Company is the Trustee.
An additional
fee of $25.00 may be charged for each credit
card that is paid at the request of the
lender in a refinance transaction.
Courier fees
of $20 will be added for small packages (as
in payoffs) and $30 will be added for
express or large packages (as in loan
packages).
Refunds for an overage will not be
made, or 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.
|
Walla
Walla
Title Company
Walla Walla, WA 99362