From a current ebay TS auction:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=200283983870
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The following fees are required to transfer the title. We will pay half and the winner will be expected to pay half. (THESE ARE IN ADDITION TO THE WINNING BID--IE If you win the auction at $5000, then you would pay $5000 PLUS half of the following fees!!!)
Escrow: $300
Title insurance: $300
Document preparation fee for Hawaii: $160
Recording fee: $50
Federal express fee: $50
Marriott transfer fee: $25
TOTAL FEES: $885
Winner will pay $442.50, we will pay $442.50. This money will go directly to American First who will take the fees out of the final price. We will tell American First that the winning bid is whatever it is PLUS $442.50, so that will be the final amount they expect the winner to pay.
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In this case, what is the "escrow" fee? I was thinking that escrow is an account that holds money paid (by buyer) for the other closing fees, not a fee in itself! Am I confused, or need to be straightened out?
Thanks.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=200283983870
=================================================
The following fees are required to transfer the title. We will pay half and the winner will be expected to pay half. (THESE ARE IN ADDITION TO THE WINNING BID--IE If you win the auction at $5000, then you would pay $5000 PLUS half of the following fees!!!)
Escrow: $300
Title insurance: $300
Document preparation fee for Hawaii: $160
Recording fee: $50
Federal express fee: $50
Marriott transfer fee: $25
TOTAL FEES: $885
Winner will pay $442.50, we will pay $442.50. This money will go directly to American First who will take the fees out of the final price. We will tell American First that the winning bid is whatever it is PLUS $442.50, so that will be the final amount they expect the winner to pay.
=============================================
In this case, what is the "escrow" fee? I was thinking that escrow is an account that holds money paid (by buyer) for the other closing fees, not a fee in itself! Am I confused, or need to be straightened out?

Thanks.