Are Escrow Fees Always Necessary?

Escrow Fees / Title Fees are not always required! If the seller has institutional loans to pay off or if a buyer is obtaining institutional financing, then those lenders will require full escrow and title insurance.

Under the following circumstances, escrow and title fees are not required:

• Private party selling direct to buyer, no loans to payoff, and buyer paying all cash or seller carrying back a loan.
• Family transfers between parents and children, or husband and wife, or friends, into trust.
• Correction of deeds, vestings, legals.
• Transactions that escrow or title companies can’t do, won’t do, or don’t know how to do.
• Removing deceased parties from title.
• Deeds in lieu of foreclosure.
• Loans.
• All inclusive trust deeds.
• Reconveyance (removing loans when paid).