What is the fee for the escrow service?
The escrow fee is normally based on the size and complexity of the transaction. Since there are so many types of escrows and every transaction is different, there are no set fees. Usually the escrow fee is divided in accordance with the agreement of the parties. The closing is complete–now what? Upon closing, review the closing statement to determine that the costs were allocated in accordance with your instructions. It normally takes a period of time after closing before the hazard and title insurance policies can be delivered to you. Any recorded documents to which you are entitled will be mailed to you after the escrow has closed. Frequently these documents will come to you directly from the office of the recorder or the Secretary of State in the case of personal property filing. What if the transaction isn’t completed? Is my deposit refundable? Who pays the fees? When a transaction fails to close, a cancellation agreement must be reached between the parties. This cancellation agre
