Posted By: Dollye7
"Stemwall" and " Foundation End" Fee's - 09/13/06 07:38 PM
I am calculating prepaids. Is anyone familiar with "Stemwall Endorsement Fee's" or "Foundation End Fee's"?
They are both payable to the title company that closed the construction loan. I was told by the title company that the "Stemwall EF", was for the title company to inspect the foundation after closing, to make sure that it did not cause an encroachment. It looks and smells like a prepaid -but what about the "Foundation End?"
I have a call in to the the title company on the "FE," and will consider them both PP's unless there is a reason not to...
Thanks!
They are both payable to the title company that closed the construction loan. I was told by the title company that the "Stemwall EF", was for the title company to inspect the foundation after closing, to make sure that it did not cause an encroachment. It looks and smells like a prepaid -but what about the "Foundation End?"
I have a call in to the the title company on the "FE," and will consider them both PP's unless there is a reason not to...
Thanks!