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Allegro Escrow Services specializes in the servicing of installment notes and contracts. Although we are not a closing agent, we can service all types of installment loans. We act as a true escrow agent when we hold release documents such as warranty deeds in our files to protect both the payer and the lender. We accept payment, compute interest and principal, then disburse funds per the lender's instructions. Our services may include:
Reserve accounts for taxes/insurance
Automatic ACH deposits to lender's bank
Automatic debits for payers
Late payment notices
Monthly payment notifications
Project reports
Recording of documents after payoff

~ Interest is computed either daily or on a 30-day month ~
~ Notification of non-payment to buyer ~
~ Yearly statement to both parties ~
~ No additional charges for electronic funds disbursements ~

      ESCROW FEES
MISCELLANEOUS FEES
Washington State Law requires Sales Tax to be paid on Escrow Fees.
Additional Disbursements (per year) — $15.00
Close Out Fee — $30.00
Assignment Fee — $50.00
Reserve Account Fee — $30.00
Seller Forfeiture Fee — $30.00
Deed Release Fee — $10.00
Auto Pay Fee — $5.00
Bankruptcy Forwarding — $15.00
Payoff Quote — $10.00
Payoff Update — $5.00
NSF Fee (first time) — $25.00
NSF Fee (second time) — $35.00
Research Fee (per hour) — $50.00
Add'l payment notification (per year) — $10.00
Delinquent notice to payee (per year) — $10.00

 

Set-up Fee    
$60.00
      YEARLY FEES
0 25,000.00 $68.00
25,001.00 50,000.00 $78.00
50,001.00 75,000.00 $88.00
75,001.00 100,000.00 $98.00
100,001.00 150,000.00 $108.00
150,001.00 200,000.00 $118.00
200,001.00 250,000.00 $128.00
250,001.00 300,000.00 $138.00
300,001.00 350,000.00 $148.00
350,001.00 and over please call us
  • Annual fees include one disbursement per month.
  • Additional charges my apply for extra services.
 
Escrows with one or more underlying mortgages to be paid are welcome, subject to the above fee schedule.
Inspection of the escrow documents by an attorney in the presence of the escrow agent will be permitted upon receipt of telephone authorization by either party to the escrow agreement.


$10.00 Discount on set up fees for repeat customers!!
No set up fee when transferring existing escrows to Allegro!

Fees effective January, 2006

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