• Home
  • Current Listings
    • Open Houses
  • 360 News
  • FREE MLS Listing Alerts
  • FREE Listing Alerts!
  • Sellers
    • What is Your Home Worth?
  • Community
    • Floorplans
      • All Floorplans
      • The Flats – Condos
      • The Court – Townhomes
      • The Row – Townhomes
      • The Townes – Townhomes
      • The Terraces – Detached Homes
      • All Townhomes
      • 360 Community Map
    • FAQs
    • Community Amenities
    • Three Sixty Photos
    • Location of Three Sixty South Bay in Hollyglen Hawthorne
    • Wiseburn School District
    • 360 Map
    • South Bay Communities & Neighborhoods
      • Hollyglen and Del Aire
      • El Segundo
      • Hawthorne
      • Torrance
      • Redondo Beach
        • South Redondo Beach 90277
      • Manhattan Beach
      • Hollywood Riviera
      • Hermosa Beach
      • Lawndale
    • Zillow Reviews
  • About
    • Frequently Asked Questions
    • Recent Sales
      • Lastest 360 Sales & Escrow
      • Historical Home Sales in Three Sixty South Bay
        • 2021 Home Sales
        • 2020 Home Sales
        • 2019 Home Sales
        • 2018 Home Sales
        • 2017 Home Sales
        • 2016 Home Sales
        • 2015 Home Sales
        • 2014 Home Sales
        • 2013 Home Sales
    • Location of Three Sixty South Bay in Hollyglen Hawthorne
    • Contact Us – Top Three Sixty Realtor Keith Kyle
    • Top Realtors in Three Sixty South Bay
    • Top 360 South Bay Realtor
    • What’s Around 360?
    • #1 on Google & Yahoo
    • Testimonials
    • Real Estate Resources
    • Hollyglen & Del Aire

Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

Who Generally Pays For What During Escrow?

April 19, 2022 by Keith Kyle

By Keith Kyle

Closing Costs – Who Generally Pays What In The Escrow Process

Keep in mind that the charts below are based on the standard allocation of costs in an escrow in Three Sixty.  As with any detail of buying a home everything is negotiable including who pays what costs during the transaction.  In addition not all of these costs exist in every transaction and many are dependent on the lender, escrow company and the details of the offer.

Although not in the charts below it is standard for the seller to pay the real estate commission (generally 5% in our area) for both the listing (seller’s) agent and the buyer’s agent.

Title Fees

Name of cost Customarily Charged By/ Who Pays What is it?
Owner’s Title Policy Title company /  Seller cost Fee for the title policy. Calculated using the sales price.  Insures that the title is clean at close of escrow
Lender’s Title Policy Title company / Buyer cost Title policy issued to lender to cover the amount of the loan. Based on the loan amount.
Sub Escrow Fee Title company / Buyer & Seller Fee to administer the payoff of loans or property taxes of the seller and collection of funds from the new lender
Document Transfer Tax LA County / Seller.  There is also a city transfer tax in some cities but not in Hawthorne Fee charged on all properties that transfer title  based on sales price.  $1.10 per thousand of sales price
Record Release/Reconveyance LA County / Seller Charge to record the release/reconveyance
Federal Express/Messanger Fees Federal Express / Buyer & Seller Charge to deliver all time sensitive documents and monies
Title/Wire Fee Banking Instituion / Buyer & Seller Charge to wire funds to  or from escrow, seller, lenders, etc
Electronic Recording County / to Buyer Charge to electronically record the document
Record Grant Deed County / To Buyer Charge to record the grant deed
Record Trust Deed County / To Buyer Charge to record the trust deed.
Messenger Messenger Service /Buyer and Seller Charge to special messenger documents during the escrow:
Lender’s Endorsement Title / Buyer Charge for endorsements required by lender to cover “outside  normal” risk circumstances

Escrow Company Fees

Name of Cost Customarily Charged By/To: What it is?
Escrow company fee Escrow / Both buyer and seller each pays own Covers liability assumed as well as standard processing costs.  This varies but usually cost is somethung in the vicinity of $2.00 per thousand and a $200.00 base
Demand Fee Escrow / Seller Charge to request a statement & process involved in getting a payoff figureto escrow on the outstanding amount of the current loan. One demand fee per loan.
Process HOA Docs & Transfer Fee Escrow / Seller Fee for processing required to assign membership for HOA a& copying all governing documents
Document Fee Escrow / Buyer Covers the cost of all processing required to meet new lender requirements
Loan Tie-In Fee Escrow / Buyer Covers the cost of all processing required to meet new lender requirements
Federal Express Federal Express /Buyer For document packages to out of County Lenders.

Lender & Loan Costs

Name of Cost Customarily Charged By/ To What is it?
Origination Fee Lender / Buyer Charge for lending money at 1% of the loan amount
Documentation Preparation Lender / Buyer Paid to lender for preparation of final loan documents
Tax service Tax Service / Buyer Fee charged to buyer to set up property taxes with the state
Wire Banking institution Charge for the wiring of funds to title for closing
Underwriting Lender / Buyer Fee to direct lender for the process of approving
Tax impounds Lender / Buyer Collected to create an impound reserved account for the lender to pay property taxes twice a year
Prepaid Insurance Lender / Buyer Generally 1yr of hazard insurance collected for impound reserveaccount
Appraisal Appraiser / Buyer Paid directly to appraiser for appraisal of property
Credit Report Lender: / Buyer Paid to credit bureau for report containing 3 credit scores
Processing Lender / Buyer Paid to mortgage broker for processing loan package from application to closing

Disbursements

Name of Cost Customarily Charged By / To What is it?
HOA Transfer Fee HOA Management / Seller but often negotiated HOA or managemebt company fee to transfer ownership and handle new accounting set up
HOA Dues HOA Management / Seller Usually prorated and paid through day of closing
Fire Insurance Insurance Agency / Buyer 1 year prepaid premium for homeowners insurance
Notary Notary / Buyer

Payoffs

Name of Cost Customarily Charged By/ To What is it?
Recording Fee Existing Lender / Borrower Charge for having reconveyance recorded by the county.
Statement forwarding fee Existing Lender / Borrower Charge for issuing a payoff statement

Credits and Prorations

Name of Cost Customarily Charged By/ To What is is?
HOA Dues Seller  /Buyer Calculated from date of COA through month-end
County Property Taxes Seller / Buyer Calculated from the date of payoff through end of period paid for.

Filed Under: Escrow process, Homes for sale, Three Sixty at South Bay, Three Sixty home prices, Three Sixty homes for sale, Three Sixty real estate, Three Sixty South Bay Realtors, Vista Sotheby's International Realty Tagged With: 360 escrows, escrow costs, escrow process, first time home buyers, how does escrow work

Current 360 Homes for Sale

Your Three Sixty Specialist

keithkyle

Keith Kyle

Top Producing Realtor DRE# 01712785

310-251-2344 cell/text Keith@KeithKyleHomes.com

Welcome to Three Sixty

https://www.youtube.com/watch?v=aKUAnOiLVKk&t=5s

Three Sixty Information

Row townhomes in Three Sixty

2 Bedroom Townhome in The Row Closes at $960,000

Just Sold in Three Sixty – 12823 Manhattan Court Unit#104 Listed by Elaine Lai – Pinnacle Real Estate Group The latest home sale in Three Sixty was a nice 2 bedroom  in residence 1 floorplan in the Row.  The multi-level townhome offered 2 living levels (3 total levels with garage on ground level) with the […]

12020 Milennium Park Ct in Parkside Village

Price Improvement on 12020 Millennium Park Court

12020 Millennium Park Ct – Parkside Village Hawthorne Price reduction to $905,000 12020 Millennium Park Court is a beautiful and bright 4-bedroom home with views of Holly Park in the gated commuity of Parkside Village  located near SpaceX and not far from Sofi Statium. This is a plan 6 layout offers an adaptable first floor […]

Happy St Patricks Day

Happy St Patrick’s Day Three Sixty!

From all of us at Three Sixty Homes, Keith Kyle, and Vista Sotheby’s International Realty we wanted to wish you a very happy St Patrick’s Day!  Enjoy

12921-Union-Three-Sixty

12921 Union #107 – 2X in The Townes Closes at an Amazing Number

12921 Union #107 Sells at $1,400,000 There were three home sales in Three Sixty in February and, without question, the big sale was a 4 bedroom attached townhomes in the Townes that was listed by Matthew Barry of expRealty.  It was listed at $1,349,000 and sold for a pretty amazing $1,400,000 after almost a month […]

new construction townhomes in Hawthorne

See the 16 Homes that Sold in Hawthorne During February

February Real Estate Market Recap Welcome to the real estate recap for the Hawthorne CA real estate market last month.  It was a bit on the slow side with only 16 homes closing escrow. This slower market was pretty typical at the moment for other South Bay cities as well. Of the 16 homes that […]

Row townhomes in Three Sixty

New Lease Townhome Available from Vista Sotheby’s

5547 Strand # 103, Hawthorne 90250 – Lease available at $4,699 While there isn’t much for sale in Three Sixty the rental market is kicking into gear with several homes for rent.  The latest is a rare 2 bed 2.5 bath townhome in the Row. As with all of the homes and condos in Three […]

Flats condos in Three Sixty South Bay

Finally Something For Sale – Condo at 12922 Union Ave #302

12922 Union Ave #302 in Three Sixty – Listed at $1,025,000 It’s been a while but we’re happy to report that there is finally a new listing in Three Sixty and it’s a 3rd floor single level unit in The Flats located at 12922 Union Ave #302.  The home is one of the largest Flats […]

January 2023 Hawthorne real estate market

Hawthorne Real Estate – January 2023 v January 2022

January 2023 was a REALLY slow month for the real estate market in the South Bay…..but how did January 2023 compare with January 2022?  Hawthorne actually had a stronger month than some of it’s neighbors.    The numbers were: 2023 Active listings: 43 Pending sales: 17 Sold homes:  13 2022 Active listings: 12 Pending sales: […]

Video of 12020 Millennium Park Court

Take A Video Tour of Our Newest Listing in Parkside Village

If Three Sixty is only one of the communities you’re interested in, take a tour of our latest listing in the South Bay. 12020 Millennium Park Court is a beautiful 4 bedroom freestanding home in the gated community of Parkside Village in Hawthorne CA. Listed for only $925,000 for over 2,100 square feet! Click here […]

Happy President's Day

Happy President’s Day Three Sixty South Bay!

We wish you a very happy President’s day and hope you enjoy the weather before the storm comes in!

  • FREE 360 Listing Updates
  • Sellers – What is Your 360 Home Worth?
  • Home

**Please note that we have no official affiliation with Three Sixty at South Bay. Our site is designed to help provide real estate information on this and other communities.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (“CRMLS”) and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

The information being provided by CRMLS & CARETS is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

 

Please see our pledge to web accessibility

Keith Kyle – Realtor – DRE#01712785