India is considered by some to be one of the most diverse countries in the world; with over 122 languages spoken by at least 10,000 people, topography that ranges from the Himalayan mountain range to the Great Indian Desert, and the worldâs largest film industry - there is something for everyone in India!
Hate to make it sound that greedy, but when we in the industry see escrow fees on the same property run, for example, from $600 to $1,500, it even blows us away. Okâ¦let us begin with the Base rate. Almost all escrow companies charge a base rate, and that is computed on the sales price of the property. At Westcoe Escrow, we charge $2 per thousand of the sales price, plus $200. Therefore, for a $250,000 sales price, the base rate paid by both the buyer and the seller would be $250 x $2 plus $200â¦.for a total of $700. Notice I say both, because this base rate, on 99% of all sales, is charged to both partiesâ¦$1,400 to the escrow company split 50/50 by the buyer and seller.
And because we know that not all distressed sales are created equal, the problems in closing are largely with short sales as it takes these transactions about 50 days to close escrow from the time the lender approves the sale, versus 35 days for REO/bank owned or foreclosure sales. tell my clients right now that even though we are shooting for a 30 day escrow is typically going to be 40 -45 days mostly because lenders are taking extra time with appraisals and document reviews. clear skies, Doug Reynolds. 1  January 27 2011 - Sacramento.