Methods of Holding Title in California

methods_of_holding_title

The means of holding Title to real property in California can be done in many ways.  You may think that the method doesn’t matter, or you may think you should just choose what you always have, but this is not necessarily true, as some new choices such as “Community Property with rights of Survivorship” may… Read More

Property Tax Time Looms

It’s property tax time again for CA …the first installment is due November 1st and delinquent after Dec. 10th.  Second installment is due February 1st and late after April 10th.  To make it really confusing, California’s  fiscal year starts July 1st, so your first installment is for taxes that are primarily paid in arrears (July – December) and the second… Read More

Why shopping ONLY for a foreclosure//bank owned property is a bad idea

These days, I get lots of emails and calls from buyers who say “I only want to buy a foreclosure property.”  This always makes me groan a little inside, because it is the sign of someone who is reacting to all the media hoopla and really doesn’t understand all the issues involved in foreclosure sales…. Read More

The Golden Rule

It’s natural to believe with all the doom and gloom that is in the news about the housing market these days that there must be dozens of unbelievable bargains just waiting to be purchased.  Unfortunately, the real deals don’t stay on the market very long to wait for the Buyer to make up their minds… Read More

1031 Exchanges

A “1031 Exchanges” or Striker exchange, is a mechanism used to defer(not avoid forever) capital gain on the sale of investment propertyuntil a later date — usually, a date in the future when the owner’sincome is smaller (i.e, retirement) and therefore the tax “hit” issmaller.  In effect, the government gives you a no interest loan… Read More

Mechanics Liens and other scary things

By Lauren Perreault (cross posted in my column in The Beach Reporter on-line) Any “lien” (pronounced like “lean”) on your property is an indication that someone thinks you owe them money and your property is the collateral for that debt. The most common lien, of course, is the Deed of Trust lien.  Other frequently seen… Read More

Lowballing and Why it Rarely Works

(cross posted at my column at The Beach Reporter) “Low balling”, or the process of making very low offers on properties,is a technique that is taught by many a self-styled “real estate guru”on late night infomercials or expensive seminars.  In theory, it sounds great — make an offer much less than asking to see how… Read More

Understanding the Short Sale and REO Negotiation Process

(cross posted at our column in The Beach Reporter on-line Real Estate News) These days, many clients come to us to find deals in the distressed property market, including short sales, homes with notices of default, homes scheduled for foreclosure, and finally, bank owned properties known as REO’s. Negotiating on these properties requires that you… Read More

Buying a Townhome or Condo — What are the Contractual Issues?

Townhomes and condominiums are becoming more and more popular in Southern California because of the extremely expensive price of our land.  Land is so expensive here that it usually makes more economic sense from a developer’s point of view, where zoning allows for it, to put more than one housing unit on a particular parcel… Read More

The Importance of Patience in Buying A Home

I recently sold a home in Hollyglen, a lovely little area of Hawthorne, California that is “Manhattan Beach adjacent,” to one of my favorite clients, Warren V.  Warren is a very analytical kind of guy, very smart and very thorough.  He also respects the value of expertise, both mine and other professionals, which of course… Read More

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