If you need to change the title on a house, be confident you have handled all steps in the process correctly. It's always best to hire a professional to prepare a deed or other title transfer. Otherwise, with an improper deed, you might not have the ownership rights you believe you have. Worst yet, you might retain ownership responsibilities you think you no longer should have.
Did the County Assessor reassess your real property due to a title change? The consequences of title changes and reassessment of real property are often overlooked and greatly misunderstood. Title changes of real property often occur when there is a sale or purchase, or by gift or inheritance. The transfer may be voluntary, involuntary, contract of sale, or the addition or removal of an owner. Keep in mind, payment for the title change is not required though the reassessment of real property may still occur.
In order to complete a transfer of real property, you must sign over ownership and legally transfer the property using some type of transfer deed. Once the deed is recorded in the proper county, you are essentially done. However, the process can be more complicated, especially if you fail to properly prepare the deed or include an incomplete legal description. In addition, it is possible to record an incorrect deed that fails to properly real property, and not be aware of the problem until it is too late.
Contrary to popular belief, you do not need to hire an attorney to transfer real property title in California. In earlier days, title companies were able to prepare the necessary documents to transfer real property title. Nowadays, title companies no longer offer this service and often refer people to A People's Choice for this routine [...]
If you need to transfer real property title in California, you will be pleased to know that the process is quite simple with the right help. Property deeds are used to memorialize the transfer in the County Recorder's office. In the past, title companies offered the services of preparing deeds. Over the years, that service [...]
When considering estate planning, real property owners often find themselves comparing a transfer on death deed vs living trust. A transfer on death deed and a living trust are both great estate planning tools to use when transferring real property to loved ones. Both tools allows the grantor to own and manage the property while [...]
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 [...]
People often are looking for inexpensive options to handle legal procedures and ask us "do I need to hire an attorney?" Hiring an attorney is a personal decision, however in many circumstances, the answer is no. Yes, there are complex legal issues that need the advice and experience of a seasoned licensed attorney. Likewise, there [...]