[Name], mortgage interest deduction, senior housing and ARMs.  

Your first tuesday real estate news
Week of October 12, 2020

Prop 15: The latest ballot measure to limit Prop 13 tax rules
Is this the end of Prop 13? Read on to learn how the new proposition affects your clients.

Letter to the editor: Does California have statewide rent control?
Prop 21 may allow local governments to enact broader rent control measures.

Word-of-the-Week: Hypothecation
Test your real estate fundamentals with this week's video review of collateral assignment.

Form-of-the-Week: The tenant lease worksheet and exclusive authorization to locate space
RPI Forms 111 and 555 protect your fee and get the best for your tenant.

Legislative Gossip, September 2020
September 30 was the last day for Newsom to sign or veto bills to take effect January 1, 2021. See what made the cut.

Press Release: Q3 2020 Buyer Purchasing Power Index rises thanks to low interest rates
As of September 2020, a homeowner with the same income is able to borrow 10.6% more than a year ago.

Governor Newsom renames Department of Business Oversight
The DBO is getting a facelift. See what's in store for 2021.

Using the yield spread to forecast recessions and recoveries
In September 2020, the yield spread was back in positive territory, averaging +0.57.

Current market rates
The average 30-year fixed rate mortgage rate remained roughly level in the week ending October 9, 2020, now at 2.87%.

Form udpates  form updates this month
 

NEW 15-Day Notice to Pay Rent with Required COVID-19 Declaration:

— Form 575:¬†with rent-related fees, on defaults from March 1st to August 31st

— Form 575-1: without rent-related fees, on defaults from March 1st to August 31st

— Form 575-2: with rent-related fees, on defaults from September 1st through January 31st

— Form 575-3: without rent-related fees, on defaults from September 1st through January 31st

 

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

This email was sent to: [Email]

Update your email Unsubscribe
DRE Sponsor No. 0473 / S0110
NMLS Course Provider No. 1400986

Notary Vendor No. 606332 / 306333  

Copyright © 2020 first tuesday
PO Box 5707, Riverside,CA 92517
9
51.781.7300 

Share the newsletter: