A broker uses RPI Forms 350 and 373 when gathering information on and soliciting cash investors to form an LLC.
Form-of-the-Week: Client Profile and LLC Subscription Agreement — Forms 350 and 373
read more
Buying Homes in Foreclosure
Become an equity purchase investor hero. Stay current on the latest news, videos, forms, and updates for Buying Homes in Foreclosure.
Latest Articles
Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)
Yield spread emboldens the recession factor; The jobs recovery is leveling out – no surprise; Interest rates for borrowing drive pricing
30 years of summer, followed by 30 years of winter
Mortgage rates are on their way up.
The source of home price movement: buyer purchasing power
Find out what today’s buyer purchasing power means for tomorrow’s home prices in California.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
Industrial real estate set to normalize
Following the pandemic-era distortions that sent demand for industrial space into a boom-time frenzy, industrial real estate transactions adjusted to a recession fever in 2022.
ARM-FRM crossover removes last support for home prices
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
Underwater homes, reduced construction starts spell change for California’s active agent population; Monthly Statistical Update (March 2023)
https://vimeo.com/802054438 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: the share of California’s mortgaged homes underwater, now inching higher...
Errata & Updates
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465