Archive for the 'Sacramento Short Sale and Sacramento Foreclosure News' Category
Probate: Both a Process and A Place
[caption id="attachment_19102" align="aligncenter" width="380"] What is probate and where did it come from?[/caption] What is Probate? "Probate" is the legal process that deals with the assets and debts left behind after someone dies. Probate court is where probate is administered. The Probate adjudicates the validity of wills, enforces the provisions within a valid will (by issuing the grant of probate), makes sure creditors are notified and paid, provides for the equitable distribution of the assets of persons who die intestate (without a valid will), and prevents executors and administrators of estates from being dishonest and ensures they are doing their job. The term "probate" can be used to describe the legal process, or the court where the process takes place, or the distribution of assets. The probate process can include all aspects of estate administration,...
REVERSE MORTGAGE HOMEOWNER DIES: NOW WHAT HAPPENS?
[caption id="attachment_19080" align="aligncenter" width="300"] Reverse Mortgage Loan App[/caption] FROM : https://reverse.mortgage/ ask the servicer By Ryan LaRose In normal, or traditional “forward” mortgages, provisions in the loan documents for the death of the borrower are not often utilized. Given that the reverse mortgage product is designed exclusively for older adults, it’s imperative that reverse mortgage industry professionals are familiar with the standard processes of what occurs once the last surviving borrower passes away. This is an inevitable topic when discussing the unique servicing requirements of these loans and the death of a reverse mortgage borrower is an ultra-sensitive issue that servicers are required to face on a daily basis. Whenever death enters the reverse mortgage servicing process, the servicer must work very closely, and sensitively, with the estate or heirs. It requires the servicer to...
Is your local real estate market beginning to shift?
Is your local real estate market beginning to shift? Depending on your neighborhood, your price range and your personal situation- it may be time to take a snapshot of the market and the trends... The most difficult thing about a Real Estate Market shift, is we NEVER know for sure whether we are in a slight market adjustment or a major market retraction or just a coincidental series of market events, until there is an undeniable amount of evidence. And by then, the shift is over... the evidence comes after the fact, AFTER you can do anything abut it. Real Estate Data happens AFTER the transactional instances that create that data. Absorption Rate, Days on the Market, Months of inventory; they are all measurements...
YOU MUST KNOW: Here’s 3 Mello Roos facts you must know before you buy!
1. What is Mello Roos? 2. How do you find out if a home has Mello Roos? And how much; how long? 3. What are the Mello Roos Taxes or Charges actually paying for? http://www.saccounty.net/services/Pages/Mello-Roos-Special-Taxes-Community-Facilities-District-Administration.aspx http://folsomlakerealty.com/melloroos https://www.trulia.com/voices/q_Mello+Roos+Sacramento+County/ http://www.tomatopages.com/folsomforum/index.php?showtopic=11313 https://sacramentorealestatevoice.com/home-buyers-ask-what-is-mello-roos/ http://www.caltaxfoundation.org/category/sacramento/ http://www.caltaxfoundation.org/category/placer/ http://www.caltaxfoundation.org/category/sacramento/ http://www.caltaxfoundation.org/category/el-dorado/ Buying a home in the Sacramento Region? Are any of the homes you are considering newer than Are you researching the property taxes? A great rule of thumb is to quickly take the purchase price multiplied by 1.25% or .0125. This is the 1% Property tax and .25% estimate in additional local taxes, which are usually about 0.25%. Now, remember, there are also Mello Roos Taxes that may also be paid and collected with the Property Tax, that are actually not a tax but a form of financing that can be used...
The California “Escrow” Process: Can You Survive it?
http://www.dre.ca.gov/files/pdf/Escrow_Info_Consumers.pdf
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Real Estate and the Internet- How has the internet changed real estate marketing?
[caption id="attachment_18857" align="aligncenter" width="500"] amount of online spending from mobile[/caption] HOW THE EVOLUTION OF THE INTERNET HAS CAUSED A NECESSARY TRANSFORMATION FOR THE SUCCESSFUL HOME SELLER... In 1965, a computer in Massachusetts connected with another in California via the first dial-up internet and in 1973 the first hand-held mobile phone call was made. By the early 1980's, the first commercially available desktop PCs started filtering into homes, and since then the tickle of technology advances became a constant surge that turned to a tidal wave of Digital Real Estate Marketing Possibilities. This gradual progression has affected everything in our world... including Travel Agents, Airline Ticketing, Retail Spending, Entertainment (music, movies, books, games, sporting events). Actually, in the last 15 years, the actual process...
The Steps To Execute A Probate In California
[caption id="attachment_18577" align="aligncenter" width="224"] Sacramento Probate Information[/caption] How Do You Execute a Will Through Probate How do you get a probate started? There are specific Steps To Execute A Probate In California. In California, to get the probate process started, you must first file a request with the probate court, which will include a death certificate and original will. You then must notify all known creditors, beneficiaries, and heirs and file proof that you did so. The next step is to prove the validity of the will through statements from witnesses, known as a self-proving affidavit. Only once all documents are filed, you may begin the administration of the estate. To break it down into even more detail: The Probate Estate Administration Process in California includes the following Acquiring an employer identification...
Sacramento Area Probate Real Estate Sales: Selling a House in Probate
[caption id="attachment_18551" align="aligncenter" width="240"] Closing Probate Real Estate Transaction[/caption] How do you maximize the value of a home in a probate sale? Can you do a Short Sale in Probate? Selling Real Estate that is in Probate or that is held by an estate or being liquidated through the execution of a will, is exactly the same process and any other real estate transaction. All of the usual real estate procedures and considerations are exactly the same. Sacramento Probate Real Estate Sales are not difficult or complicated. Laws that govern the sale of real estate do not change when the owner is deceased. There will be title issues related to the death of the owner and there may additional be title issues related to encroachments, easements, mortgages...
Probate Real Estate Expert In Sacramento County Explains Probate
[caption id="attachment_18523" align="aligncenter" width="300"] Probate can be a trying experience for a family... Our team can help[/caption] What is Probate? Is there always a Probate? How does California Probate Work? Sacramento area Probate Real Estate Expert Explains Probate with: Probate Questions and Answers What is Probate? When a person dies, their last will and testament (assuming they prepared on in advance) is handled and their wishes for the distribution of their personal property implemented through a process called probate. Probate simply means the procedure by which their last written directives are legally certified as the final statement of their wishes in regard to their worldly possessions (including any property or properties they may have owned). It also confirms the appointment of a person or...
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