Escrow Agreement Format In Contra Costa

State:
Multi-State
County:
Contra Costa
Control #:
US-00192
Format:
Word; 
Rich Text
Instant download

Description

This form is a simple Escrow Release, by which the parties to a transaction having previously hired an escrow agent to perform certain tasks release the agent from service following the completion of tasks and satisfaction of escrow agreement. Adapt to fit your circumstances.

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FAQ

The Escrow Holder: prepares escrow instructions. requests a preliminary title search to determine the present condition of title to the property. requests a beneficiary's statement if debt or obligation is to be taken over by the buyer. complies with lender's requirements, specified in the escrow agreement.

An escrow agreement normally includes information such as: The identity of the appointed escrow agent. Definitions for any expressions pertinent to the agreement. The escrow funds and detailed conditions for the release of these funds.

Choosing the escrow company The seller's real estate agent usually chooses the escrow company. Make sure the escrow company is licensed and in good standing with the Department of Corporations by calling (866) 275-2677, or the Bureau of Real Estate at (213) 620-2072.

In an escrow agreement, one party—usually a depositor—deposits funds or an asset with the escrow agent until the time that the contract is fulfilled. Once the contractual conditions are met, the escrow agent will deliver the funds or other assets to the beneficiary.

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Escrow Agreement Format In Contra Costa