California Homestead Law
Jul 28, 2011
California homestead laws help to protect you from losing your home to creditors. If you are sued for money in court and lose, the person who sued you will receive a judgment from the court. If you do ...
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California Residential Real Property Foreclosure: Taxes, HOA Assessments, Property Insurance
Jul 28, 2011
On Internal Revenue Service / State income tax liens:
These liens are also "wiped out" byForeclosureof a senior lien. This, however, does not mean that both agencies are stopped from using other legal...
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New California Foreclosure Law - Tenant/Borrower's Rights
Jul 28, 2011
Traditionally, a residential tenant's right to possession whether month-to-month or long term lease (one year or more) was terminated byForeclosureof a bank loan. The lender simply would serve a 3-Day...
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Effect of Foreclosure on "Senior" Lenders and "Junior" Lenders
Jul 27, 2011
The effect of foreclosure:
A senior lender owns the debtor's real property, subject to real property taxes that are due. Under recently enacted law, the lender has an obligation to maintain the real...
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Real Estate Loans: Non-Recourse vs. Recourse
Jul 27, 2011
Non-Recourse and Recourse loans:
A lender of a non-recourse loan has to look only to the security (the Home or rental property) for repayment of the loan. A non-recourse lender has no remedy against...
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California Residential Real Property Foreclosure Types: Judicial vs. Non-Judicial
Jul 27, 2011
SeeForeclosure Considerations: Sometimes, "Walking Away" is the best option.
Foreclosureis defined as follows:
To shut out; to bar; to terminate(Black's Law Dictionary).
It is a legal process by w...
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Tax Implications of Selling Inherited Property
Jul 27, 2011
Note that the tax basis of the home, which determines the gain and loss and therefore the tax ramifications you will face, is the value of the home at the date of death of the person devising the prop...
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Practical Considerations for Beneficiaries of Real Property
Jul 27, 2011
Regardless of whether a death of a loved one is sudden or expected, no one can truly prepare emotionally for the loss of a loved one as everyone grieves and handles such life-altering moments different...
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Financial Planning: Protecting Your Assets Through Proper Estate Planning
Jul 27, 2011
Many Americans think that the key to financial planning revolves around the quality and quantity of assets they acquire during their lifetime. What many people forget, however, is that while making wis...
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Real Property Boundary Disputes
Jul 27, 2011
While the boundaries of your real property may seem clear, the legal description and present accepted boundary of your property may be inaccurate. Even though a fence that has existed for many years ma...
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