If you're looking to transfer real property in California, it's important that you understand the different types of deeds and how they work. Furthermore, in order to avoid paying unnecessary document transfer tax, learn how the tax is calculated and when you're exempt.
Many married couples and parents and children elect to hold property in joint tenancy. Joint tenancy is a great option for anyone looking to avoid probate. However, there are some downsides to this form of title; therefore, business partners and friends may be better off choosing an alternative.
What is a legal document assistant and how does it compare to a paralegal? Believe it or not, hiring a legal document assistant can help you save thousands of dollars you would otherwise waste on an attorney! To help you determine which process is better for you, we've outlined from A to Z everything a legal document assistant can do.
People often confuse the term "Grant Deed" vs "Deed of Trust". A deed signifies the passage of property ownership from one person to another. Transferring title to real property can be completed by a Grant Deed, Quitclaim Deed, Interspousal Transfer Deed, Trust Transfer Deed or other type of deed that transfers ownership/title. On the contrary, [...]
Most people finance the purchase of their home by borrowing money from a bank or mortgage company. Sometimes a family member or friend is the lender. In fact, it is not uncommon for family members to loan money to one another. If a loan is a large amount, the lender may want to secure the [...]
In California, loans can be secured by real property through a deed of trust. Accordingly, a deed of trust is a security instrument that functions like a mortgage. For the most part, people refer to a home loan as a “mortgage.” Technically, however, a mortgage is not actually a loan but rather a document given [...]