What is a Subescrow Fee?

 

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A Fee Charged By A Title Company For The Following Services:

  • Coordinating with the escrow holder/lender for recording
  • Verifying and updating pay-off demand figures with the lender
  • Verifying payment of property taxes
  • Calculating the pay-offs on the day of closing
  • Disbursing all pay-offs and net proceeds per instructions
  • Notifying the escrow company upon confirmation of recording
  • Processing refunds

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