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escrow fee

listen to the pronunciation of escrow fee
English - English
These costs cover the preparation and transmission of all home purchased-related documents and funds Escrow fees range from several hundred to over a thousand dollars, based on the purchase price of your home Not all states require funds to be put into escrow accounts for closing
Charged by the title company to service the transaction and to escrow (hold and disburse) money and documents Usually split between buyer and seller
A fee charged by the title company to service the transaction, to escrow moneys, and to cover the documents The amount varies with each company, usually split between buyer and seller
Charged by the escrow company for services These fees are usually split between the buyer and seller For VA loans, the escrow fee is charged to the seller