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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