Definition of Closing Costs

ESCROW FEES

Cost Charged By Description
Escrow Fee Escrow; to Buyer and Seller Covers liability assumed as well as standard processing costs
Demand Fee Escrow; to Seller / To Borrower Charge to request a statement & process involved in getting a payoff figure to escrow on the outstanding amount of the current loan. 1 demand fee per loan.
Process HOA does & transfer fee Escrow; Buyer and Seller Fee for processing required to assign membership for HOA & Copying all governing documents
Document Fee Escrow; To Buyer and Seller Covers the expense for drawing legal documents for official records.
Loan Tie in Fee Escrow; To Buyer Covers the cost of all processing required to meet new ender requirements
Messenger Fees Federal Express/ UPS Charge to deliver loan docs to the lender

TITLE FEES

Cost Charged By Description
Owners Title Policy Title Fee to issue a title policy. Calculated using the sales price. May be reduced if home was purchased or refi’d in the last 5 years. Insures that the title is free and clear at the time of purchase.
Buyers Title Policy Title Title policy issued to lender to cover the amount of the loan based on the loan amount.
Sub-Escrow Fee Title; split between buyer and seller Fee to administer the payoff of loans of property taxes of the seller & collection of funds from the new lender.
Document Transfer Tax Counter City Fee charged on all properties that transfer title – based on sales price – prices vary by county and city.
Federal Express Federal Express Charge to deliver payoffs to lender.
Title/Wire Fee Banking Institution Charge to wire funds to escrow, seller, lenders, etc.
Electronic Recording (shipping & handling) ORANGE COUNTY ONLY Charge to electronically record the documents.
Record Grant Deed County Charge to record the Grant Deed
Record Trust Deed County Charge to record the Trust Deeds.
Messenger Messenger Service Charge to Messenger documents during the course of escrow, Fee varies with distance.
Lenders Endorsement Most Standard Endorsements are not charged Varies by lender – charge for endorsements to the title policy above the normal coverage.

Contact

Location

2401 Pacific Coast Hwy
Suite 101
Hermosa Beach CA 90254

Contact

(833) 9-ESCROW toll free
(310) 318-3300
(310) 712-8383 fax
info@hollywoodescrowla.com

LOCATION

Signing Offices:  Hollywood Escrow signing offices provide you a venue to meet with a local representative who will assist you with support and expertise throughout the escrow process.

Mobile Notaries:  With a network of mobile notaries throughout California, Hollywood Escrow is able to facilitate the escrow process by traveling to a location that is most convenient for you. This allows you to complete the necessarily paperwork without having to travel to an actual office, while still receiving the quality service and attention we’ve provided to our clients throughout the years.

Open Escrow