Safeguard Escrow inc.

Services & Fees

Over 30+ Years Experience

SERVICES

At Safeguard Escrow, Inc. we pride ourselves on making it a priority to serve you with care, professionalism, & an attention to detail that goes unmatched. Our goal is to provide the smoothest escrow & closing service experience possible, all while walking you through each step of the process.

Safeguard Escrow Inc. is independently, licensed, bonded, & insured. As an “Independent Escrow Corporation” we are regulated & licensed by the State of California’s Department of Business Oversight & must maintain & follow strict guidelines.

With over 30+ Years in the Escrow Industry there’s no situation we can’t take care of! Contact us today if you have any questions.

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Purchase & Refinances (Residential & Commercial)

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Conventional, FHA & VA Financing

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Probate

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Vacant Land

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In House & Mobile Notary Available

What Is Escrow?

Escrow is a process that evolved to ensure protection for all parties to a real estate transaction
A “neutral third party” or “stakeholder” was nominated to hold the funds until the purchaser
received appropriate assurance that the property had been transferred. An escrow may also be created for other purchases, although it is most commonly used during the transfer of
real estate. Today, the escrow is overseen by an escrow officer employed by an independent
escrow company or title company. All parties are protected because the escrow holder will
retain funds and documents until all the instructions are fulfilled.

An escrow is created when money and/or documents are deposited with the escrow officer. The escrow officer’s authority is strictly governed by written instructions, mutually agreed upon by the parties involved. The instructions direct the escrow holder to perform duties necessary to complete the transaction. A few of the tasks which may be required are:

Receive and deposit earnest money
Order information for payoff of existing liens
Calculate and/or prorate taxes, liens, interest, rents, and insurance policies
Make arrangements for title insurance protection for the buyer and lender
Prepare and/or receive documents relating to the escrow
Request and receive funding from new lender when conditions have been satisfied
Close the escrow and disburse funds as agreed upon in the instructions
Prepare a closing statement for the parties showing disposition of funds
Arrange for recording of the conveyance documents and any other legal instruments required to transfer title to the property pursuant to the terms of the purchase agreement

Fees

Escrow fees are calculated as follows:

$700.00 For Refinance Escrows
Sales Escrows are calculated @ $3 per thousand plus $300.00 Base
Example: $300K sales price X $3 = $900.00 + $300.00 Base = $1,200.00 for buyer and $1,200.00 for seller plus any additional fee’s stipulated below:

Seller/Owner Additional Fees

$50.00 per payoff and/or HOA demand requests
$100.00 approx. messenger fee (depending on weight and delivery choice)
$15.00 per each 1099 filing/processing
$35.00 wire fee for each incoming and/or outgoing wire
$20.00 for credit card or additional account payoff processing (other than existing loans or HOA)
$30 for Archive Fee
$45.00 593 filling Fee
$50.00 Solar Transfer Fee

Buyer Additional Fees

$150.00 Loan Tie-In fee (1 Loan) $200.00 for 2+ Loans
$35.00 wire fee for each incoming and/or outgoing wire
$20.00 for credit card or additional account payoff processing
$30 for Archive Fee
$50.00 Solar Transfer Fee

SPECIAL PRICING FOR INVESTORS

FLAT FEE OF $750.00 ON PURCHASE
$1000.00 FLAT FEE FOR RESALE PROPERTIES
$1,500 TOTAL ESCROW FEE FOR INVESTOR PURCHASES WHEN PAYING ALL SELLER COSTS PLUS ANY ADDITIONAL FEES AS STATED ABOVE, THAT ARE APPLICABLE.

Additional fees will apply for escrow document preparation on Seller/Owner carry backs, & creative financing documentation (AITD’s, etc..) Please request and/or inquire for any additional fees.