 |
 |
 |
 |
||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Escrow Services Closing Department
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What is a closing agent? | ||
| A closing agent is a disinterested third party that follows the intruction of your lender, realtor, attorney or buy-sell agreement to complete the sale or purchase of your property. | ||
| What does a closing agent do? | ||
| An agent gathers information from many sources to create the final Settlement Statement such as payoff information, tax information, deed preparation and commission amounts. | ||
| What happens at the actual closing? | ||
| The closing officer will explain all documents to you and answer any questions you have. You will then sign the necessary papers and the closing officer will notarize them. | ||
| What happens after the closing? | ||
| The records will be searched again and then the new documents will be recorded to change title. Disbursement happens after recording, so if closing happens in the afternoon, recording might happen the next morning. | ||
American Escrow, Inc. Rates
| Origination Fees | |
| up to $75,000.00 | 0.25% of escrow balance minimum $100.00 |
| $75,000.00 to $100,000.00 | $225.00 |
| $100,000.00 to $150,000.00 | $250.00 |
| $150,000.00 to $200,000.00 | $300.00 |
| $200,000.00 to $250,000.00 | $350.00 |
| $250,000.00 to $350,000.00 | $400.00 |
| $350,000.00 and above | $450.00 |
| Service Fees | |
| Monthly Payments (each) * | $8.00 |
| Quarterly Payments (each) * | 20.00 |
| Semiannual Payments (each) * | $30.00 |
| Annual or One-time Payments (each) * | $50.00 |
| Irregular Payments * | $15.00 |
| Partial Releases * | $30.00 |
| Assignment or Assumption of Buyers or Sellers Interest | $50.00 |
| Checks Issued | $4.00 |
| Payment Advances over Two Year Payment | $2.00 |
| Contract Amendments or Addendums | $20.00 |
| Amortization Schedules | $10.00 |
| Account Research (per hour) | $25.00 |
| NSF Check Fee | $40.00 |
| Recording Fee per page | $11.00 |
| Termination Fee ** | |
| Termination | $50.00 |
| Default Terminations | $75.00 |
| * Includes one check for disbursement and two receipts per payment ** Any fees not paid when due will be added to Termination Fee | |
 |
 |
 |
 |
 |
Home | About | Community | Order | Escrow | Title | Rates | Closing | Glossary | FAQ
1800 West Koch, Bozeman, MT 59715 (406) 587-5563 3 Geyser Street, Ennis, MT 59729 (800) 405-5299 © 2006 American Land Title Company. All rights reserved. Web design by Agape Web Promotion. |