California tiered home pricing
Home prices turn in a mixed performance across California’s metropolitan areas.
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Tag: residential property
Residential landlords must disclose a notice of default to potential tenants
Owners of one-to-four unit residential rental property who have received a notice of default (NOD) on the property must disclose the NOD in writing to any prospective tenants…
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Fire sprinkler systems mandatory for new home construction in California
Fire sprinkler systems are now required on all new California single family residences (SFRs) and...
Read MoreFebruary Forms
Get your buyer the best financial advantage – Submit multiple loan applications and compare
Read MoreNew steps regarding new licensing requirements for mortgage brokers
Effective January 1, 2010, any Mortgage Loan Broker (MLB) who makes, arranges or services residential or commercial mortgage loan secured by real estate in California must report to the Department of Real Estate (DRE) prior to...
Read MoreHUD’s new GFE
An updated version of the Real Estate Settlement Procedures Act (RESPA) Good Faith Estimate (GFE) and Settlement Statement (HUD-1) was released by the Department of Housing and Urban Development (HUD) for use in 2010. RESPA...
Read MoreIRS releases Form 5405 for homebuyer tax credit
On Friday, January 15, the IRS released Form 5405, which is to be used by homeowners filing for their $8,000 tax credit. No online equivalent to this form currently exists, so those who wish to claim this tax credit must file...
Read MoreJanuary 2010 SCW
Real estate related issues pending before the United States and California Supreme Courts.
Read MoreFrustrations high for homeowners seeking to reduce assessed property value
California homeowners whose homes have dropped below their assessed values (this includes the majority of CA’s homes) may petition their county assessor for a reduction in their property taxes. They are likely to have a long...
Read MoreCommercial real estate’s crisis is unique, but no less severe
A host of commentators have anticipated an impending collapse in commercial real estate that will rival or surpass the horrors that have already afflicted residential properties. A new article in the San Francisco Chronicle...
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Don’t be caught unprepared: new licensing requirements for mortgage brokers
This Legislative Watch reviews Senate Bill (SB) 36, which subjects residential loan originators to additional regulation by the DRE.
Read MoreDecember 2009 SCW
Real estate related issues pending before the United States and California Supreme Courts.
Read MoreNovember 2009 Form of the Month
A discussion of this month’s most topical form.
Read MoreCalifornia homeowners: exercising your right to default
This article clarifies a homeowner’s contractual promise to repay purchase money debt and his contractual right to default, free of moral obligation. In California, homeowners borrow funds to assist in purchasing a home and sign...
Read MoreNovember 2009 SCW
Real estate related issues pending before the United States and California Supreme Courts.
Read MoreThe continuing hunt for the bottom of California commercial property
Though the stock market is showing modest improvement (if it is not a “dead cat bounce”), the same cannot be said for the growing number of distressed commercial properties in California. Many cash-strapped businesses have...
Read MoreOctober 2009 SCW
Real estate related issues pending before the United States and California Supreme Courts.
Read MoreLines of credit become a heavily used source of funds during a credit crisis
The state of the weak economy is reflected in the struggling capital market, which includes the stock and bond markets. Based on this feeling of fearful uncertainty, public and private corporate firms are relying more heavily on...
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Legislative Gossip
Stay on top of current pending California legislation affecting real estate!
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