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  1. #1
    Homer2big is offline Member
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    Sep 2006
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    Title Company / Escrow

    What is the name of your state? PA
    Selling brother's home as the Executor. Title company states they will hold Inheritance Tax in escrow. I requested they do so in an interest bearing account. They do not "normally" do that they said and would look into it.

    I can require that, can't I?

    Note: I have my brother's estate account earning 5%
  2. #2
    seniorjudge is offline Senior Member
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    Quote Originally Posted by Homer2big View Post
    What is the name of your state? PA
    Selling brother's home as the Executor. Title company states they will hold Inheritance Tax in escrow. I requested they do so in an interest bearing account. They do not "normally" do that they said and would look into it.

    I can require that, can't I?

    Note: I have my brother's estate account earning 5%
    Sounds like a reasonable request to me.
    There are two rules for success:

    (1) Never tell everything you know.
  3. #3
    nextwife is offline Senior Member
    Join Date
    Jan 2003
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    IT is not uncommon, due to the higher costs the title company incurs (due to year-end IRS reporting requirments and interest tracking) for the escrow fees to be higher when the escrow is held in an interest bearing account. In our market, for example, a basic hold back or earnest money escrow fee may be $50 to $100 bucks, and double or more that if held in interest bearing. It CERTAINLY can be done.

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