Form Re 625 - Change In Escrow Depository Template
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RE 625 (Rev. 1/97)
GENERAL INFORMATION
The new escrow officer must sign new supplementary
This form is for common interest subdivisions only.
escrow instructions when accepting these documents.
The Bureau of Real Estate should be notified of a change in
Copies of all new documentation should accompany this
the escrow depository. Attach a new set of sample escrow
form.
instructions to this form or similar form and forward to
BRE.
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), BRE 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:
RE 613 and RE 611 (completion bond)
RE 643E and surety bond for subsidy
of credit for subdivider's obligation to
RE 643 and maintenance assessment
and maintenance agreement
undertake subsidy program
bond
Copy of subsidy agreement
Irrevocable escrow instructions and
RE 621
RE 643G and letter of credit for subdi-
original conveyance deed to the home-
RE 621A and common area completion
vider's obligation for capitol contribu-
owner association
bond
tions (start up funds)
Letter of credit or set-aside letter for
RE 643 and set-aside letter or letter of
common area improvement obligations
credit for subdivider's obligation to pay
RE 643B and surety bond for capital
assessments
contributions (start-up funds)
RE 643E and set-aside letter or letter
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