Before you invest in any kind of real estate, you’ll want to make sure that the title to the property is defect-free. A defect is anything that could affect the ability of the property to be fully and legally transferred to the new owner. They’re also called “clouds”...
The title records for a property determine its owner and also who might have some financial rights protected by the property's value. Unfortunately for those who own real property in California, blemishes on their title records can quickly complicate real estate...
When someone dies, numerous parties will feel the effect of their passing. Those with direct personal relationships obviously experience the most profound impact, but those with a professional or financial relationship with the deceased party could also worry about...
It is difficult for older adults to properly address real estate in their estate plans. Although the homes where they live may be among their most valuable property, the sentimental value of the home may lead to someone’s desire for loved ones to live there rather...
The real estate market is unpredictable, to say the least. Buyers have to be ready for prices to fluctuate and for supply or demand to change suddenly. In the last few years, prices have increased steadily, and now many markets are witnessing sale prices slipping....
An inheritance isn't official until someone actually receives assets from the estate of a loved one. Technically, beneficiaries of an estate won't receive anything until the executor settles accounts and files appropriate paperwork with the probate court. Such claims...
Property owners in California hold title to their real property. The county recorder's office where they live or own real property has an official record of the deed that allowed them to assume ownership, and the chain of ownership records can help resolve any...
The executor of an estate distributes property to beneficiaries, communicates with the probate courts and settles someone's affairs. It is a solemn and often largely thankless job that people perform out of respect for the deceased individual or concern for the...
Sharing ownership of real property with someone else is an intentional decision. People buy property with friends, romantic partners and family members to reduce their housing costs or to generate income by repairing and reselling or possibly renting out the property...
The title records maintained by the state are what allow you to claim ownership of your home. You must execute a deed when you assume ownership, and the former owner will also need to sign a deed taking their name off of title. You must update the formal records to...