Covers: Avoiding due-on enforcement on the death of an owner of a one-to-four unit residential property encumbered by an owner-occupant consumer-purpose mortgage; Due-on divorce and inter-family transfer exceptions
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The Summer 2023 edition of the California Department of Real Estate (DRE) Bulletin includes licensee reminders about broker supervision, adjustable rate mortgages (ARMs) and trust funds.
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Covers: Triggering the due-on clause on a further encumbrance of a property, and a senior mortgage holder’s call of the mortgage on completion of a foreclosure sale by a junior lienholder.
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The DRE wants to hear from practicing agents and brokers to help develop the latest version of the salesperson and broker state exams and is giving free CE as a thank you.
Read MoreDownload the Form This form is used by a tenant’s or buyer’s agent or an escrow officer when the holder of an option to purchase property has sold the option rights, to transfer the ownership of the option to the...
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