residential property | firsttuesday Journal

California tiered home pricing

by ft Editorial Staff | Apr 25, 2023 | Bay Area, Charts, first tuesday Local, Los Angeles-Santa Barbara-Ventura, Mortgages, Real Estate, San Diego | 28

Home prices have plunged across California’s metropolitan areas.

Non-Smoking Addendum — RPI Form 563-1

by ft Editorial Staff | Feb 13, 2023 | Forms | 0

Download the Form This form is used by a leasing agent or landlord as an addendum when negotiating a residential lease agreement, to prohibit smoking on the entire premises or note the specific location on the property where...

Form-of-the-Week: Residential Earthquake Hazards Report and Commercial Property Earthquake Disclosure Report – Forms 315 and 315-1

by Amy Perry | Jun 28, 2021 | Forms, Real Estate | 0

RPI Forms 315 and 315-1 inform buyers of potential seismic hazards that may come with a parcel of property.

Residential landlords must disclose a notice of default to potential tenants

by ft Editorial Staff | Dec 28, 2012 | New Laws, Property Management, Real Estate | 0

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…

Fire sprinkler systems mandatory for new home construction in California

by ft Editorial Staff | Mar 15, 2011 | Real Estate | 14

Fire sprinkler systems are now required on all new California single family residences (SFRs) and...

February Forms

by Connor P. Wallmark | Feb 1, 2010 | Finance, Real Estate | 1

Get your buyer the best financial advantage – Submit multiple loan applications and compare

New steps regarding new licensing requirements for mortgage brokers

by ft Editorial Staff | Jan 26, 2010 | Licensing and Education, Real Estate | 2

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...

HUD’s new GFE

by ft Editorial Staff | Jan 25, 2010 | Real Estate | 0

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...

IRS releases Form 5405 for homebuyer tax credit

by Bradley Markano | Jan 19, 2010 | Real Estate | 0

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...

January 2010 SCW

by Connor P. Wallmark | Jan 4, 2010 | Real Estate | 0

Real estate related issues pending before the United States and California Supreme Courts.

January 2010 LW

by ft Editorial Staff | Jan 4, 2010 | New Laws, Real Estate | 16

A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.

Frustrations high for homeowners seeking to reduce assessed property value

by Bradley Markano | Dec 30, 2009 | Real Estate | 0

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...

Commercial real estate’s crisis is unique, but no less severe

by Bradley Markano | Dec 28, 2009 | Commercial, Investment, Real Estate | 1

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...

Don’t be caught unprepared: new licensing requirements for mortgage brokers

by Bradley Markano | Dec 10, 2009 | Feature Articles, Licensing and Education, Real Estate | 5

This Legislative Watch reviews Senate Bill (SB) 36, which subjects residential loan originators to additional regulation by the DRE.

December 2009 SCW

by Connor P. Wallmark | Dec 1, 2009 | Real Estate | 0

Real estate related issues pending before the United States and California Supreme Courts.

November 2009 Form of the Month

by Connor P. Wallmark | Nov 10, 2009 | Real Estate | 2

A discussion of this month’s most topical form.

California homeowners: exercising your right to default

by ft Editorial Staff | Nov 3, 2009 | Feature Articles, Real Estate | 10

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...

November 2009 SCW

by Connor P. Wallmark | Nov 2, 2009 | Real Estate | 0

Real estate related issues pending before the United States and California Supreme Courts.

The continuing hunt for the bottom of California commercial property

by Connor P. Wallmark | Oct 30, 2009 | Commercial, Investment, Real Estate | 0

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...