maintenance fees
Maintenance fees are the fees associated with servicing the contract loan. Please see the chart below for a breakdown of all of the maintenance fees associated with servicing your long-term escrow arrangement through SecurWest.
Sometimes it doesn’t make sense to go through a bank for a loan when purchasing a property. That’s where SecurWest comes in. Our SecurWest team manages the arrangement between private buyers and sellers who choose not to use traditional financing options.
Long-term escrow is a service that facilitates contracts between buyers and sellers who choose not to use a traditional financial institution for a loan.
Acting as a third party facilitator, SecurWest acts as the financial institution, exchanging payments between buyer and seller until the note is paid in full and handling details like retaining the original documents for safekeeping, accepting and dispersing funds, calculating principal and interest and retaining reserves for taxes and insurance.
There are a variety of reasons that long-term escrow might be a good choice for you. Whether you are unbanked, running into roadblocks with other financial institutions or have a family property that doesn’t need to go through traditional funding methods, we can help.
If you do not use a bank or financial institution, it may be difficult to get a loan to buy property. If a seller agrees to hold a note until the loan is paid in full, long-term escrow may be a great option for you.
Maybe you’ve met with financial institutions and keep hitting road blocks in the process of getting a loan. Once you’ve gone through multiple attempts to work with a bank or credit union, meet with us.
Sometimes when property changes hands within a family, the family members may have a mutual agreement but they need someone to hold the note and agreement. We’re happy to help facilitate this arrangement.
If you are interested in working with us for long-term escrow services, start by filling out the uniform escrow agreement below and a W-9 form. Once you are all set up, we will handle the details, ensuring a safe and secure process for both parties.
We are happy to share our schedules for setup and maintenance fees so you know what those costs will be moving forward. Also please note that we do not recommend emailing your social security number for security purposes; instead we invite you to drop off signed documents or mail them to our PO box.
*Note: You must complete BOTH the Escrow Agreement AND W-9 Form.
Long-term escrow setup fees for a seller financed arrangement include all of the fees associated with completing documentation by the SecurWest team.
Maintenance fees are the fees associated with servicing the contract loan. Please see the chart below for a breakdown of all of the maintenance fees associated with servicing your long-term escrow arrangement through SecurWest.
Find answers to common questions about setting up and maintaining a long-term escrow account through SecurWest.
No. We only accept payment by check and wire transfer.
No, but you can mail or drop off a check at our Bozeman office or wire transfer.
You can pay your bill online and have a check cut to SecurWest. Set it up as a reoccurring payment from your account.
Check, wire transfer or cash. We cannot accept cash payments over $10,000.
Please see fee schedule.
A check mailed or ACH transfer.
Not at this time, but we are happy to get you a printout and/or statement.
You will receive a year-end interest statement that will be mailed mid-January.
We currently only work with real property. We currently do not work in personal property.
Simple answer, YES. If you plan to wire funds to Security Title Company for Long Term Escrow please note our instructions will NEVER change. Call our main line, 406.522.5500, and ask one of your Escrow Team Members to confirm the instructions. Education is important and here are three helpful and informative videos. Your money is important to you and Security Title Company.
Contact the SecurWest team to start the conversation about long-term escrow and to find out if it is right for you.
