Posts Tagged ‘Real estate laws’
Beware CA Homeowners: Your Neighbor Could Add More Homes to His Lot
For those who have not heard the news, in the hopes of easing the housing crisis, California SB9 is now effectively the law. With city approval SB9 allows a homeowner to divide her property into two lots, and build 2 homes on a current single family residential lot, or to split the lot and build…
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Homeowners: New CA Law to Protect Your Property From Probate
California Assembly Bill AB-139 will take effect January 1, 2016. It will allow homeowners to avoid probate and designate one or more beneficiaries to inherit their properties upon their death, without the creation of a trust. Upon the death of the homeowner, ownership would pass immediately to the beneficiary, without having to go through probate…
Read MoreNew Supreme Court Ruling May Impact Short Sales
The latest case on the Supreme Court docket could affect the number and difficulty of future short sales, so if you are short selling, purchasing/planning to purchase a short sale, or if you are an agent who may be selling one, please read on. In Bank of America v. Caulkett, the Supreme Court will soon…
Read MoreNew Real Estate Laws for 2012
With a new year there are new laws, so here is my annual list of some of the new real estate laws you may want to be aware of going into this new year: Landlord Right to Prohibit Smoking. California Senate Bill 332 gives landlords the right to prohibit smoking in their residential rental properties,…
Read MoreRecent Real Estate News, and How it Effects You
There has been plenty of recent housing news that could effect the value of your home, so here are some of the latest updates: Bill to allow visas to foreign home buyers. Congress is considering a bill that would allow foreign homebuyers to purchase residential property in the U.S., in an effort to stimulate the…
Read MoreCarbon Monoxide Detectors: Are Sellers Liable?
You may or may not have heard that as of July 1, 2011 carbon monoxide detectors must be installed in every single family residence. So, what is your liability if you are a seller – do you have to install them before the close of escrow? While it is true that carbon monoxide detectors must…
Read MoreNew Real Estate Laws You Should Understand
Starting January 1, 2011 there will be some new laws effecting buyers, sellers, homeowners and renters, as well as foreclosures. To read the full text of the laws you can go to http:// www.leginfo.ca.gov. Here they are in a nut shell. Short Sale Deficiencies Not Allowed. Lenders may not go after borrowers for the short…
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