The importance of protecting an investment such as a home – the largest single financial investment many people will ever make – cannot be overestimated. Understanding the role the title company plays in that purchase is important for homeowners and professionals alike.
We know that people who commit fraud often target and exploit senior citizens. Want to avoid being a victim of fraud? Check out the great list of specific tips the California Bureau of Real Estate has issued. They’re designed for seniors to use in protecting themselves against fraud in the area of real estate.
Effective Jan. 1, 2015, will be a new disclosure requirement important to understand. Here’s a brief summary.
The amount of documentary transfer tax and the location of the property will be required to be shown on the face of all recorded documents that are transferring property.
Professional fiduciaries can save a family an immense amount of money through careful estate planning. A common strategy to prevent a property tax reassessment event, and the resultant higher property tax, is for a third-party lender to loan money directly to a trust or estate prior to distribution.