We service contracts between buyers and sellers. In doing so, we handle the details
such as retaining the original documents for safekeeping, accepting and distributing
funds, calculating principal and interest and retaining reserves for taxes and insurance.
In addition, we provide appropriate parties with year end tax statements and file
1098s and 1099s with the IRS as required.
With our service you’ll also have online
access to payment and balance information and online payment processing options.
Benefits to the Seller
- Documents held for safekeeping
- Direct Deposit
- Online account information
- IRS Reporting of interest
- Optional Reserve Accounts
- 3rd party calculations eliminates disputes between the parties
- Split payments
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Benefits to the Buyer
- Auto payment options or coupon books available
- Annual reporting
- Online account information
- Payoff statements
- 3rd party calculations eliminates disputes between parties
- Year end tax statements
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To set up a Long Term Escrow account, please contact:
Alliance Title & Escrow Corp.
Long Term Escrow Services
380 E. Parkcenter Blvd., Ste 110
Boise, ID 83706
Local Phone: 208-955-9683
Toll Free Phone: 866-576-8221
Fax: 208-947-4202
Email: LongTermEscrow@alliancetitle.com