COLLECTION ESCROW
Collection Escrow is a service provided to sellers and buyers who purchase a property financed by the seller. We provide an impartial third party to collect the payments due to the seller on a contract, trust deed, or mortgage. We compute the interest and the amount credited to principal and the principal balance. With each payment made, an accounting statement is sent to both the buyer and seller. Satisfaction documents are held by us to be delivered upon payment in full. We report interest paid and earned to the IRS at the end of the year.

COLLECTION ESCROW SERVICE FEES
SET-UP FEE
The set-up fee for a collection escrow is $60.00 plus $1.00 per thousand dollars based on the unpaid Contract or note balance. Fees are negotiable over $250.00 depending on the amount of work involved.

PAYMENT FEE
The fee charged per payment (depending on the frequency of payments) is as follows:
   Monthly: $ 5.00
   Quarterly: $10.00
   Semi-Annually: $18.00
   Annually: $35.00
The above fees are for one disbursement. Additional disbursements are $2.00 each
Tax Reserve accounts (Available only with monthly payments) are assessed an additional $5.00 per month

RETURNED CHECKS
$20.00 each - checks returned for any reason. Limit of 2 returned checks, thereafter we will require all further payments to be made in cash or certified funds (i.e. money order or bank cashier's check).

ASSIGNMENT/CHANGE OF ACCOUNT
BALANCE OR TERMS
$50.00 each, this amount does not include applicable recording fees