The purpose of a California homeowner association (HOA) is to create and enforce the rules and regulations of a community. It is a legal entity that can assess fees and fines and place a lien on your property. In return, homeowners usually enjoy amenities that they...
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Real Estate Law
California Foreclosure Resources
I've been getting a lot of calls recently from people who are facing foreclosure, saying that they were trying to negotiate a loan modification with their lender through their mortgage servicer and the process somehow failed or stalled, wondering what to do next, and...
What are the requirements for an escrow agreement?
When buying a home in San Jose, California, it's essential to understand that escrow is a legal and financial procedure used to provide security for a sale or other property transfer. What is an escrow account? An escrow agreement is a legal document to hold funds to...
What you need to know about the Right of First Offer in California
When it comes to commercial real estate transactions, there are several ways to secure a property. One way is to have a "Right of First Offer" (ROFO), a concept that many investors are familiar with. What is the meaning of ROFO? ROFO is a contractual agreement between...
Who needs to worry about HOA fees?
If you're moving into a homeowners association in California, you may want to find out whether HOA fees apply to you and how much you're expected to pay. HOAs collect these payments from the owners of properties within the association to cover various costs. For the...
Selling inherited property in California
It’s not uncommon for California parents to leave the family home to their adult child. It’s not always necessary though, and these adult children might end up selling it – a process that can be difficult to navigate so soon after their parent’s death. Probate process...
How long does escrow take?
The average real estate escrow in California takes 30 to 40 days, but it could go faster or slower, depending on your situation. Title defects are an issue out of your control that could delay escrow. For any issues that would cause serious delays, you may have to...
What do you need to know about homeowners associations?
In the state of California, homeowners' associations (HOAs) maintain many residential neighborhoods. As a result, the HOA dictates what you can do to your single-family home, condominium, or townhouse after you purchase it. While the HOA does provide some benefits to...
What are digital estates?
California is a state that many people are proud to call home. With that said, real estate there can get extremely costly. However, there's a new trend that has people thinking about putting their money into properties within the metaverse. Here's a closer look at...
What drives the real estate market?
It's no secret that the real estate market is constantly changing in California. That's why it's important to stay current on the latest factors that are driving the market. Some of these factors include the following. Interest rates Low interest rates are often...