Nicole Jessen | firsttuesday Journal

Can property be reassessed when a joint tenancy vesting is severed and title is held as a tenancy in common?

Posted by Nicole Jessen | Oct 16, 2013 | Real Estate, Recent Case Decisions |

A mother and son held title to real estate as joint tenants. When the mother died, the son became the sole owner. The son created a joint tenancy in the property with a sibling. Later, the sibling severed the joint tenancy vesting by deeding the real estate to themselves as a tenant in common with the first sibling. The county tax assessor determined a change in ownership occurred and sent the sibling a tax bill.

May an owner of condemned property recover damages for a decline in property value between when a project was proposed and commenced?

Posted by Nicole Jessen | Oct 11, 2013 | Real Estate, Recent Case Decisions |

A government entity planned to construct a freeway bypass through an owner’s property. The government entity initially intended to seize only a portion of the owner’s property and staked out the boundaries of the partial take before commencing work. Two years later, the government entity began work and seized the entire property, providing compensation to the owner in the amount of the property’s fair market value (FMV) at the time the entire property was condemned.

FHA fast tracks Millennium Boom casualties into homeownership

Posted by Nicole Jessen | Oct 11, 2013 | Feature Articles, Real Estate |

Homeowners negatively impacted by the Millennium Boom may gain access to FHA-backed financing earlier than anticipated. FHA-insured financing is a critical artery that funnels money to homebuyers, and by extension, California agents. More homebuyers with access to purchase-assist funds equal more fees for agents in the wake of the housing crisis.

FARM: Will Zillow give you an accurate home value?

Posted by Nicole Jessen | Oct 10, 2013 | FARM Letters, Real Estate |

Zillow is a good place to start, but If you’re serious about selling, you’ll need more than a general estimate. A diligent agent compares your home’s unique features with recently sold homes to ensure accurate pricing.

The Good Neighbor Fence Act clarifies responsibilities for boundary fences

Posted by Nicole Jessen | Sep 30, 2013 | New Laws, Real Estate |

All adjoining owners are equally responsible for constructing, maintaining and replacing boundary fences. This law sets forth new rules for the construction, upkeep and replacement of boundary fences.

Author: Nicole Jessen

Can property be reassessed when a joint tenancy vesting is severed and title is held as a tenancy in common?

May an owner of condemned property recover damages for a decline in property value between when a project was proposed and commenced?

FHA fast tracks Millennium Boom casualties into homeownership

FARM: Will Zillow give you an accurate home value?

The Good Neighbor Fence Act clarifies responsibilities for boundary fences

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