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FIRST AMERICAN TITLE -2015
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FIRST AMERICAN TITLE -2015
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Last modified
6/15/2022 9:37:26 AM
Creation date
6/25/2015 3:03:35 PM
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Contracts
Company Name
FIRST AMERICAN TITLE
Contract #
A-2015-048
Agency
PUBLIC WORKS
Council Approval Date
4/7/2015
Expiration Date
3/31/2018
Destruction Year
2023
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SECTION F <br />ESCROW <br />The applicable rates for escrow services shall be determined by the county where the office of the Company handling <br />the escrow Is located and not the county where the property is located, except that the rates for REO escrows <br />described In subsection F-2 below are based on the county where the property Is located, The rates set forth in this <br />Section F are not to be charged on a "per side" basis. However, the charges may be apportioned among the parties <br />to the transaction in accordance with the Instructions of the parties. Services in connection with transactlons Initiated <br />and coordinated by First American Mortgage Services are subject to Section 6 below. <br />LIEFINMONS: <br />BASIC ESCROW SERVICES means the primary escrow services, Including but not limited to: <br />• in the case of escrow in connection with a We transaction other than REO or a New Home Subdivision, optional <br />enrollment by the buyer In the "First American eloroperty Watch" property monitoring service, <br />• document preparation, <br />• electronic document download, <br />• receipt of incoming funds and Issuance of disbursements, whether by check or wire transfer, Including associated <br />wire transfer fear, <br />• overnight delivery, Including associated overnight delivery fees, and <br />• processing of a subordination. <br />BASXCESCROWSERWCESdo not include the following services, the rates for which are set forth in subsection F•7, <br />Miscellaneous Services: <br />• notary fees and signing services, <br />• recording fees, <br />check returned due to insufficient funds, <br />• Interest bearing account set-up, <br />• funds held In escrow over 90 days after either close of escrow or estimated dose of escrow, <br />• additional fee for Escrows involving I&C, § 1031 Exchanges as set forth In subsection F-7 below, <br />fees for services obtained from a third party (other than the Company) and not otherwise specifically included in <br />this Schedule of Fees, <br />specially retained messenger service to accommodate or comply with the Instructions of the parties In a specific <br />transaction for which the Company is Invoiced based on the individual service request, or <br />• transfer tax or any other governmental fees or charges, <br />In addition, BasIcBseraw SeW e" do not Include New loan Services Fees as set forth In subsection F-4 below. <br />Short Salo means a sale transaction In which the proceeds of the sale are Insufficient to satisfy the outstanding <br />obligations secured by the subject property and one or more creditors or lenders agrees to accept less than the <br />amount that is owed on the property in satisfaction of the outstanding loan or loan obligatlons. <br />,17- <br />40 2014 First American Title Insurance Company. All rights reserved. November 10, 2014 <br />
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