Black Hills Escrow
Our company is a full service escrow company handling payments for private individuals or companies on contract for deeds or mortgages.
Owners Michelle Watson and Alan Kindsfater are Real Estate Brokers and have over 30 years of experience in the real estate industry having worked with attorneys, realtors, mortgage lenders, and bankers. Let us help you in dealing with questions or concerns in contract for deeds or private mortgages.
Services
We offer a wide variety of services to meet your needs, which can include:
- Receiving and disbursing payments
- Monitoring of late charges
- Payment of property taxes and insurance
- IRS interest reporting as required
- Year-end statement
Escrows can be used in the following instances:
- Contracts or mortgages between private parties
- Safekeeping of documents
- Private Party Payments for autos or personal property
- Holding and releasing of funds for subdivisions, construction projects and other business transactions
- Receipt and disbursement of condo association fees
- Processing of funds related to oil and gas leases
- Holdbacks and reserves on corporate purchase transactions
- Holding earnest money and deposits on capital-raising transactions