Monthly Archive: November 2014

What Is An AITD (All Inclusive Trust Deed)? 0

What Is An AITD (All Inclusive Trust Deed)?

An All Inclusive Trust Deed is a new deed of trust that includes the balance due on the existing note plus new funds advanced; this is sometimes called a wrap-around mortgage. Wrap-Around Mortgage A...

Avoid Property Tax Penalties 0

Avoid Property Tax Penalties

Tax delinquencies often occur during the first year of property ownership; new property owners should be aware of the following: Due Date Real Property taxes are due, payable, and delinquent on the same dates...

Who pays for what? 0

Who pays for what?

Curious about the distribution of expenses when real estate is bought and sold? Here’s a handy list! (Keep in mind, many of these items can be negotiated by both sides.)   Buyer usually pays:...

A Brief History of Title Insurance 0

A Brief History of Title Insurance

Title insurance was created when it became evident that traditional methods of exchanging property did not adequately safeguard the interests of all parties. Prior to the late 1860’s, real estate title transfers were generally...

California Property Tax Calculator 0

California Property Tax Calculator

To avoid having the title company hold funds at close of escrow, it’s recommended that sellers pay the 1st installment property taxes in the form of a cashier’s check, payable to the Tax Collector....

TSG— Trustee Sale Guarantee 0

TSG— Trustee Sale Guarantee

What is a TSG? A “TSG,” or “Trustee Sale Guarantee”, is a title report given to a trustee to provide recorded information pertinent to the foreclosure process. TSGs assist the lender in a non-judicial...

California Foreclosure Prevention Act: FAQs 0

California Foreclosure Prevention Act: FAQs

What is the California Foreclosure Prevention Act (CFPA)? The CFPA was signed into law by Governor Arnold Schwarzenegger on February 20, 2009. The CFPA was created to address the problem of increasing foreclosures in...

Guide to Endorsements in California 0

Guide to Endorsements in California

CLTA#             DESCRIPTION                                                                         INSURES                                   CHARGE (% OF BASIC RATE) 100                    Comprehensive – Improved Land                                 ALTA Loan                               No...

Follow up with your contacts 0

Follow up with your contacts

It’s important to follow up on all contacts, not just those who expressed specific interest in doing business right away. Keeping your name in the forefront of potential clients’ minds not only leads to...

Why should your prospect choose you 0

Why should your prospect choose you

When a prospect asks, “Why should I choose you,” it’s vital to have a quick and easy response. Here are some ideas about what you can say; pick the ones that are right for...