Escrow Department:
Title Department:
Long Term Escrow Services in Helena, MT
When you you deposit mortgage security documents with an escrow company, they will hold onto it for safekeeping. The agreement is guaranteed to be fulfilled if and only when all conditions have been met! We act as the disinterested third party to all transactions. We will hold the necessary papers and ensure you sign them so that when it comes time for payment, we can send everything directly into your hands without any guesswork involved! We take your transaction seriously, so we will ensure that all of the proper paperwork is filed at our office. You can depend on us to collect money from buyers and disburse it accordingly as instructed by you! When a payment is late, we will not contact the buyer. Instead, at year's end, you'll receive 1098 and 99 reporting for tax purposes which may include interest charges on your behalf if that were applicable during this period.
We provide these forms so our customers can file them with their taxes when needed!
Escrow Fees
Escrow set-up fees effective January 1, 2018
For escrow opening balance of:
| $1.00 | to | $25,000.00 | $125.00 |
|---|---|---|---|
| $25,001.00 | to | $50,000.00 | $150.00 |
| $50,001.00 | to | $100,000.00 | $175.00 |
| $100,001.00 | to | $150,000.00 | $225.00 |
| $150,001.00 | to | $200,000.00 | $275.00 |
| $200,001.00 | to | $250.000.00 | $325.00 |
| $250,001.00 | to | $500.000.00 | $400.00 |
| $500,001.00 | and above | Call for a quote |
Monthly Service Fee $8.50
PLUS $2.00 EACH ADDITIONAL CHECK
PLUS $4.00 FOR TAX & INSURANCE RESERVE
Additional Fees
| Quarterly Payment Fee | $25.00 |
| Semi- Annual Payment Fee | $25.00 |
| Annual Payment Fee | $45.00 |
| Changes (Pymt Amount, Assignment, Etc | $55.00 |
| Annual History (Additional) | $12.50 |
| Close-Out (Unscheduled) | $65.00 |
| Partial Releases | $30.00 |
| Returned or NSF Check | $35.00 |
All fees are subject to change
Annual 1099 and 1098 Interest Statements plus Account Histories are provided to the buyers and sellers. We have experienced staff to assure document integrity. All documents are kept in a secure location.
Need more information about long term escrow? Call us today to learn more!