[Name], fewer days on the market, NAR antitrust and pre-foreclosure workout.  

Your first tuesday real estate news
Week of November 23, 2020

The "jingle mail" strategy
Homeownership is central to the American dream, so why are more and more homeowners returning the keys?

State financing program for ‘granny flats’ vetoed by Governor
Accessory Dwelling Units offer hidden density at a discount, so why did Assembly Bill 69 fail?

Word-of-the-Week: Emblements
We don't cherry-pick facts in this word-of-the-week video on emblements. Sweet!

Form-of-the-Week: The pet and non-smoking addendums
No, Fido! Explore RPI Forms 563 and 563-1, covering pet and non-smoking addendums.

Recent Case Decision: Abatti v. Imperial Irrigation District
Does an agricultural users’ water rights constitute an entitlement to a particular amount of water?

Recent Case Decision: Vasquez v. LBS Financial Credit Union
Is a buyer responsible for paying off unknown judgment liens against a property incurred by the previous owner?

The slowing trend in California construction starts
Single family residential starts were 7% below one year earlier in the six-month phase ending September 2020.

Using the yield spread to forecast recessions and recoveries
In October 2020, the yield spread was back in positive territory, but still low, averaging +0.68.

Current market rates
The average 30-year fixed rate mortgage hit a new low in the week ending November 20, 2020, now at 2.72%.

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.

 

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