This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who did not properly maintain trust fund records, and allowed the unauthorized withdrawal of trust funds.
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Introducing the three participants under a trust deed – the trustor, the beneficiary and the trustee
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Citrus El Dorado, LLC v. Chicago Title Company Facts: A developer takes out a mortgage to fund...
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Mendoza v. JPMorgan Bank Facts: A homeowner obtains a mortgage secured by a trust deed on their...
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Facts: A homebuyer obtains a mortgage secured by a trust deed on their property. The buyer...
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Maximum base fees charged by trustees in a nonjudicial foreclosure have been increased.
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A California court of appeals holds the owner of real estate properly conveyed their parcels to a trust since the owner’s written declaration is sufficient to convey property to the trust, thus protecting its assets from the lender.
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Siblings received an exclusion from property tax reassessment on property transferred to them from a parent. Later, three siblings transferred their interest to one sibling. The transfer triggered a property tax reassessment, increasing property taxes.
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