Escrow Fees

Escrow fees (aka. Closing costs) is a fee that covers the preparation and transmission of all home purchase related documents and funds. Escrow fees range from several hundred to several thousand dollars, depending on your home's purchase price.

Escrow fees are not generally regulated by law or by state statues. But Check your States Statue for regulation on Escrow Fees. These fees are set by each title company, sometimes based on the liability assumed and the cost of producing the service.

Since there are so many types of escrows and every transaction is different, there are no set fees. It may be necessary to charge additional fees for extra or unusual services performed during the course of the escrow.

Normally, the fees are higher in larger areas than in smaller ones. Escrow fees vary from state to state and even from county to county.


 

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