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Re: how does bill to escrow work
Terry
Whenever I was asked to bill escrow I explained there was a $______ charge for such a service. After hearing the amount most found their check books. If they did agree I got all the necessary information; Title Company, address, phone number, title officer’s name and escrow account number and emailed our invoice the same day the report went out.
My secretary, a resolute as they come, also sent a hard mail copy of my invoice then after about 4 or 5 days called the title officer to confirm our invoice was in their property’s escrow file. She kept up the calls until escrow closed and we had our check. Only once in 15 years did a title company ever try to stiff me and as soon as they received my small claims court demand their check arrived in our mail.
Bottom line, you have to stay on top of this type of billing because it’s very easy for your demand to fall in the cracks and once the account is settled and closed it’s very difficult to get paid. Most of my brother inspectors would not bill escrow, but I felt the extra ____ fee charged help take the aggravation out of it.
BTW, never bill escrow for inspection done for the seller. (pre-listing type inspection) because in those cases you may be waiting anywhere from 6 months to never to see your check.
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