A properly recorded Homestead Declaration protects the declarant from losing a portion of his or her equity due to lawsuits that result in judgment liens being attached to their property. Who is eligible for a Homestead Declaration? All homeowners that reside in their home, and use it as their principal place of residence. What are …
Understanding Title Insurance Requirements for Insuring Living Trusts In today’s world of busy probate courts and a desire for privacy, the living trust has become a common manner of holding title to real property. What will the title company require if a trustee holds the title to the property which is part of the trust? …
New California Laws for 2011 The recent end of the 2009-10 legislative session has brought the end of short sale deficiency judgments for first loans, and other new laws affecting Realtors and their clients. To view the full text of the following bills, go to www.leginfo.ca.gov. No Short Sale Deficiencies: Starting January 1, 2011, a …