My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
25F - AGMT - TITLE AND ESCROW SRVS
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2015
>
04/07/2015
>
25F - AGMT - TITLE AND ESCROW SRVS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/2/2015 4:24:26 PM
Creation date
4/2/2015 3:22:27 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25F
Date
4/7/2015
Destruction Year
2020
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
50
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
SECTION F <br />ESCROW <br />The applicable rates for escrow services shall be determined by the county where the office of the Company handling <br />the escrow Is located and not the county where the property is located, except that the rates for REO escrows <br />described In subsection F•2 below are based on the county where the property Is located. The rates set forth in this <br />Section F are not to be charged on a "per side" basis. However, the charges may be apportioned among the parties <br />to the transaction In accordance with the instructions of the parties. Services in connection with transactions initiated <br />and coordinated by First American Mortgage Services are subject to Section G below. <br />[DEFINITIONS: <br />BASIC ESCROW SERVICES means the primary escrow services, Including but not limited to: <br />in the case of escrow in connection with a sale transaction other than REO or a Now Home Subdivision, optional <br />enrollment by the buyer In the "First American eproperty Watch" property monitoring service, <br />document preparation, <br />• electronic document download, <br />+ receipt of incoming funds and issuance of disbursements, whether by check or wire transfer, Including associated <br />wire transfer fees, <br />• overnight delivery, Induding associated overnight delivery fees, and <br />• processing of a subordination. <br />SASICESCROWSERVICESdo not Include the following services, the rates for which are set forth in subsection F -7, <br />Miscellaneous Services: <br />• notary fees and signing services, <br />• recording fees, <br />• check returned due to insufficient funds, <br />• interest bearing account set -up, <br />• funds held In escrow over 90 days after either dose of escrow or estimated dose of escrow, <br />• additional fee for Escrows involving I.R,C, 4 1031 Exchanges asset forth In subsection F -7 below, <br />fees for services obtained from a third party (other than the Company) and not otherwise specifically Included in <br />this Schedule of Fees, <br />• spedally retained messenger service to accommodate or comply with the instructions of the parties In a specific <br />transaction for which the Company is Invoiced based on the individual service request, or <br />. transfer tax or any other governmental fees or charges, <br />In addition, Basle Escrow Servlces do not Include New Loan Services fees as set forth in subsection F -4 below. <br />Shart5alo means a sale transaction In which the proceeds of the sale are Insufficient to satisfy the outstanding <br />obligations secured by the subject property and one or more creditors or lenders agrees to accept less than the <br />amount that is owed on the property in satisfaction of the outstanding loan or loan obligations. <br />-17- <br />Q 2014 First American Title Insurance Company. All rights reserved. November 10, 2014 <br />25F -21 <br />
The URL can be used to link to this page
Your browser does not support the video tag.