Change In Escrow Depository Form. This is a California form and can be use in Department Of Real Estate Statewide.
Tags: Change In Escrow Depository, RE 625, California Statewide, Department Of Real Estate
STATE OF CALIFORNIA DEPARTMENT OF REAL ESTATE SUBDIVISIONS CHANGE IN ESCROW DEPOSITORY RE 625 (Rev. 1/97) x GENERAL INFORMATION This form is for common interest subdivisions only. The Department of Real Estate should be notified of a change in the escrow depository. Attach a new set of sample escrow instructions to this form or similar form and forward to DRE. The new escrow officer must sign new supplementary escrow instructions when accepting these documents. Copies of all new documentation should accompany this form. At the request of the Seller ________________________________________________________ (Subdivider), ________________________________________________________________________ (Former Escrow Depository) hereby relinquishes to __________________________________________________________ (New Escrow Depository) the following documentation (as noted below) for the subdivision identified as Tract No. __________________________ Phase No.(s) ________________, ________________________________________________________ (Name of Project) in ________________________________________ (County), DRE File No.(s) _______________________________. SUBDIVIDER: I hereby authorize the relinquishment and acceptance of the items noted on this form. By: _____________________________________________________ Date: ____________________ _____________________________________________________ ____________________ (Typed/printed name) (Title) FORMER ESCROW COMPANY: I hereby relinquish possession of the noted items to the escrow depository shown above. By: _____________________________________________________ Date: ____________________ NEW ESCROW COMPANY: I hereby accept the noted items and will follow instructions as so stated on the forms which accompany the security instruments (Letters of Credit, Bonds, etc.). By execution of this form, __________________________________________________ (New Escrow Company) hereby acknowledges that they shall notify the _______________________________________________________ Homeowner's Association of the transfer of these documents, by certified mail, return receipt requested, within 15 days of execution of this form. By: _____________________________________________________ Date: ____________________ _____________________________________________________ ____________________ (Address) (Telephone Number) Indicate which documents are being transferred to the new escrow company: s s s s s s RE 613 and RE 611 (completion bond) RE 643 and maintenance assessment bond RE 621 RE 621A and common area completion bond Letter of credit or set-aside letter for common area improvement obligations RE 643B and surety bond for capital contributions (start-up funds) s s s s RE 643E and surety bond for subsidy and maintenance agreement Copy of subsidy agreement RE 643G and letter of credit for subdivider's obligation for capitol contributions (start up funds) RE 643 and set-aside letter or letter of credit for subdivider's obligation to pay assessments s s RE 643E and set-aside letter or letter of credit for subdivider's obligation to undertake subsidy program Irrevocable escrow instructions and original conveyance deed to the homeowner association s American LegalNet, Inc. www.FormsWorkflow.com