Bonita Vista Escrow is licensed with the Department of Corporations, License #963-1991 and is a member of the California Escrow Association.
The Department of Corporations is California's Investment and Financing Authority, and has exclusive authority to bring both civil and administrative actions under the laws subject to the jurisdiction of the California Corporations Commissioner.
The Department of Corporations website is http://www.corp.ca.gov/.
The California Escrow Association has a number of services to offer its members along with serving as a unified voice on legislative and regulatory issues. A strong Association benefits all of its members and affiliates.
Many cities have ordinances which impose requirements on Sellers when they sell their property. These may include the disclosure of a home's building permit history and satisfaction of water conservation and retrofit requirements. Because these laws vary widely throughout California, it is important to inform your escrow officer about any local laws which might affect the closing of your escrow.
Advise your escrow officer if your property is rented to tenants. Your purchase contract may provide for a proration of the monthly rent and adjustments for security deposits. If so, your escrow officer can provide a Rent Statement which you can use to provide the required information.
You will need to tell your escrow officer about the homeowner associations which affect your property. During the escrow process, the associations will be contacted by your escrow officer for a statement of your account and property transfer requirements. If the fire insurance premium is included in your regular association dues, please disclose this information to your escrow officer as well. This helps your escrow officer anticipate what will be needed to satisfy insurance requirements for the buyer in your transaction.
Seller's Instructions to Escrow Holder.
In the Loan Information Statement which will be provided to you, as the Seller, instruct your escrow officer to order the necessary payoff statements and other documents which are needed to close your escrow. You also agree to pay the costs associated with these services. Please complete any and all preliminary information requested by Escrow which will include our social security number and, a forwarding address. This information will greatly assist in the smooth and worry free transfer of ownership and completion of sale.