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B-171338 1 (1976-04-29)

handle is hein.gao/gaobaddog0001 and id is 1 raw text is: THE COMPTROL.LER GENERAL EEC112\ OF THE UNITED STATES WASHINGTON. D.C. 20548 L¾NITED FILE: DATE: APR 2 9 1976 IVATTER OF: Arnold J. Bejot - Relocation Expenses - Escrow Fee DIGEST: Transferred employee sold his house at old duty station, but mortgage holder would not allow buyer to assume mortgage. Employee entered into escrow agreement whereby buyer was to make monthly mortgage payments into escrow account, and escrow agent was to then make actual mortgage payments. Employee may not be reimbursed for his share of cost of escrow agreement as agreement is solely for employee's convenience and is not directly related to sale itself. This decision arises fro a request for an advance decision, submitted by Ms. Jeannie A. Heckman, an authorized certifying officer of the United States Department of the Interior, Bureau of Reclamation, concerning the authority for reimbursing Mr. Arnold J. Bejot for an escrow fee incurred incident to the sale of his residence at his old duty station. Under the authority of Travel Authorization 07658, dated December 12, 1974, Mr. Bejot was transferred from Grand Coulee, Washington, to Billings, Montana, reporting there on January 5, 1975, When Mr. Bejot sold his home at his old duty station, the bank holding the mortgage would not allow the buyer to assume Mr. Bejot's mortgage, and, apparently, no other financing was available. The sale was completed. Mr. Bejot remained liable for the mortgage, but the buyer agreed to make the payments. It was also agreed that, to facilitate making the monthly payments, an escrow account would be established. An escrow agreement was entered into with the National Bank of Commerce of Seattle named as the escrow agent. The buyer would make monthly payments to the escrow account, and the escrow agent, in turn, would actually make the mortgage payments. Under the terms of the escrow agreement a charge of $50 was levied to cover the cost of opening the account, which was to be paid by the seller, Mr. Bejot. Additionally a charge of $18 per year was levied for the escrow service which, according to the escrow agreement, was to be paid by the buyer. A five percent sales tax ($3.40) was levied on both charges for a total cost for the first year of

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