Real Estate Letter of Direction

REAL ESTATE LETTER OF DIRECTION

Parties

Client Name:

Recipient (Escrow/Title/Agent) Name:

Property Identification

Escrow / Closing Information

Escrow Number:    Escrow Officer:

Anticipated Closing Date:    Possession Date:

Directions to Recipient

The Client hereby directs Recipient to perform the following actions with respect to the Property and related escrow/closing: (initial each applicable directive and provide any amounts or account details where required.)

Payoff outstanding mortgage / lien in the amount: $ to lienholder identified as:

After payment of liens, closing costs, and authorized disbursements, remit net proceeds to:

Bank Name:    Account Name:

Routing / ABA:    Account Number:

Note: Recipient is authorized to rely on these written wiring instructions and Client acknowledges risk of wire fraud; Client accepts responsibility to verify wire instructions prior to disbursement.

Prorate real estate taxes, HOA assessments, rents, and utilities through the date of closing; any disputed prorations shall be held in escrow pending written agreement of the parties. Special instructions:

Hold any disputed funds in escrow pending resolution: Yes

Authorizations, Representations, and Indemnity

The Client hereby authorizes Recipient to accept and act upon these written directions and to execute documents necessary to carry out the directions set forth herein, including but not limited to disbursement authorizations, payoff statements, reconveyances, deed(s), notices, and certificates of title. Recipient is authorized to rely conclusively upon the Client's written directions and need not independently verify information provided by Client.

The Client represents and warrants that the signatory is the legal owner of the Property or is otherwise authorized to give these directions, that no bankruptcy proceeding or other legal restraint prevents performance, and that the instructions do not violate any prior written agreement except as disclosed in writing to Recipient:

The Client agrees to indemnify, defend and hold harmless Recipient, its employees and agents from and against any claims, losses, liabilities or expenses (including reasonable attorneys' fees) arising out of Recipient's good faith reliance on these directions, except where such claims arise from Recipient's gross negligence or willful misconduct.

Revocation / Effectiveness / Governing Law

This Letter of Direction is effective upon delivery to Recipient and shall remain effective until revoked in a written notice delivered to Recipient and acknowledged by Recipient in writing. Any attempted oral revocation shall be ineffective. This Letter shall be governed by the substantive law of the state where the Property is located without regard to its choice-of-law rules.

Notices

Notices under this Letter shall be sent to the addresses below unless updated in writing. Notice to Client: Address:

Notice to Recipient: Address:

Additional Provisions

By signing below, the undersigned certify that they have read and understood this Letter of Direction, that the information provided is true and correct, and that Recipient may rely on this Letter until revoked in writing as provided above.

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