Escrow Release Form For Property 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 company, chosen by the buyer, provides two essential services: Escrow: Escrow is a service which manages the funds and documents involved in a property transaction. An escrow company is licensed and regulated by the State of California.

Copies of previous (up to 11 years) and current tax bills can be found on line by going to Account Lookup. Taxpayers may also call our office, 925-608-9500 and/or email Tax Information us to request a duplicate tax bill.

To set up your mortgage escrow account, the lender will calculate your annual tax and insurance payments, divide the amount by 12 and add the result to your monthly mortgage statement.

If you own and occupy your home as your principal place of residence on January 1, you may apply for an exemption of $7,000 off your assessed value for an annual savings of approximately $70 on your property taxes. New property owners will automatically receive an exemption application.

A homestead declaration protects your home's equity from both to forced and voluntary sales of the property. Exempt proceeds from a voluntary sale are protected if another home is purchased within 6 months.

Documents are recorded within two (2) business days of receipt of the document. The average turnaround time for a document submitted for recording is 30 days.

Declaration of Homestead – A document recorded by either a homeowner or head of household on his primary residence to protect his home from forced sale in satisfaction of certain types of creditors' claims. Decree of Distribution – Evidences the distribution of real property from the estate of a deceased person.

2026 REQUEST FOR VALUE REVIEW (PROP 8) California State Revenue and Taxation Code, Section 51 authorizes the Assessor to temporarily lower the assessed value of any real property when it is greater than the market value as of January 1, lien date.

You must occupy the dwelling as your principal residence as of January 1 of each year to qualify for the Homeowners' Exemption for that year.

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Escrow Release Form For Property In Contra Costa