An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.
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A weekly reminder to stay on top of your practice!
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Recent Case Decision: A divorced spouse obtains a spousal support judgment against their former partner. The former partner later purchases a residential property. A judgment lien attaches to the title of the property due to the spousal support judgment. The amount of the judgment lien becomes fixed at the time the property is either encumbered or sold.
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Bank of America v. Caulkett Facts: A homeowner obtains two mortgages to fund their purchase of a...
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A city inspected an incarcerated owner’s rental property and determined repairs were required to protect the safety of its residents. The court appointed a receiver.
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Facts: A lender provided purchase-assist financing to a borrower secured by a first and second...
Read MoreThe current administration has implemented a new program to help homeowners install energy improvements and then pay them back over time. $150 million of stimulus money has been devoted to the program, known as Property Assessed...
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