Monthly Archive: October 2014

Types of Multiple Ownership Properties 0

Types of Multiple Ownership Properties

Condominium Condominums have an exclusive fee interest in a unit and an undivided fee interest in a common area as shown on the recorded condominium plan.   Planned Unit (Residential) Development (PUD) Owners in...

Exempt Transactions Under Documentary Transfer Taxes 0

Exempt Transactions Under Documentary Transfer Taxes

Exempt Transactions Under Documentary Transfer Taxes   Some real estate transactions are exempt from the Documentary Transfer Tax under the State Revenue and Taxation Code Section 11902, et seq. A statement, as shown below,...

Supplemental Property Tax 0

Supplemental Property Tax

Supplemental Property Tax   Supplemental real property tax law is part of a drive to help California’s education system. This law affects homeowners wishing to buy or build a new home. Supplemental property tax...

Quiet Title 0

Quiet Title

What Is Quiet Title? Quiet titles are legal mechanisms that make it possible for a single owner to hold a clear title when there might be multiple claims to ownership. A lawsuit filed to...

SB 306 and Short Sales in California 0

SB 306 and Short Sales in California

Governor Arnold Schwarzenegger signed Senate Bill 306 (SB 306) into law on August 5, 2009. SB 306 requires a beneficiary to prepare and deliver a response within 21 days of the receipt of a...

Propositions 60, 90, and 110: transfer of value between properties 0

Propositions 60, 90, and 110: transfer of value between properties

What are propositions 60, 90 and 110? Propositions 60, 90, and 110 are constitutional amendments approved by California voters. They provide for the transfer of the base year value of a property’s from an...

Title transfers within family: Propositions 58 and 193 0

Title transfers within family: Propositions 58 and 193

Propositions 58 and 193 Propositions 58 and 193 are two constitutional initiatives to provide property tax relief by preventing reassessment of value when real property is transferred between parents and children (Proposition 58) or...

REO and RESPA 0

REO and RESPA

An REO Lender CANNOT require buyer to purchase title insurance from any particular company Have you ever seen REO and short sale listings with the disclaimer, “Seller to choose escrow/title company”? This is a...

Mello-Roos Districts 0

Mello-Roos Districts

Mello-Roos Districts   What is a Mello-Roos District? A Mello-Roos District is an area, often a newly developed one, within a Community Facilities District that chooses to finance items such as streets, electricity, water,...

Orange County Utilities 0

Orange County Utilities

In case of emergency, it’s always good to have your city’s utility numbers handy!  Here’s a list for the towns in Orange County.     City: Aliso Viejo Electric: S.C.E. (800) 655-4555 Gas: Gas...