The Collections Department provides a full service escrow collection service for private contracts of sale, notes and trust deeds, mortgages and any agreement between two or more parties which requires disbursement of funds and holding original documents.

When you have collection escrow service you want people you can count on. First American Title offers you the reliability you want, the flexibility you need, the quality and experience you must have, and all at prices that are among the lowest available.

Whether your transaction runs three or thirty years, you need the assurance that your documents will be safeguarded and all funds carefully accounted and disbursed. First American Title's escrow collection department can provide that for you.

Benefits of this service include, but are not limited to:

• Payments computed and balances kept by a neutral third party
• Fulfillment documents held in safekeeping until account paid in full or as mutually instructed by parties
• Locally serviced in Portland
• Experienced escrow personnel to service accounts
• Payments processed within 24 hours of receipt
• Account information held confidentially
• Status report of account to Payor/Buyer and Payee/Seller with each payment processed
• Annual statement of account activity to Payor/Buyer and Payee/Seller
• Tax and/or insurance reserve account service available
• Receipts to buyer for payments made
• Envelopes and coupons available for buyer to make payments
• Insures parties that payments are made on underlying obligations
• Payments can be mailed to Payee/Seller's bank account, if instructed
• 1099 and 1098 reporting as required by Internal Revenue Service
• Plus other services