What is A Sub-Escrow Fee?
A Sub-Escrow Fee is Charged By A Title Company For The Following Services:
- Coordinating with escrow/lender for recording
- Verify and update pay-off demand figures with Lender
- Verify payment of property taxes
- Calculate the pay-offs on the day of closing Disburse all pay-offs and net proceeds per instructions
- Upon confirmation of recording, notify escrow company Process refunds
