On March 4, 2020, Governor Gavin Newsom proclaimed a state of emergency as a result of the COVID-19 outbreak. On March 16, 2020, the Governor issued Executive Order N-28-20, directing the Department of Business Oversight (Department) to work with financial institutions to identify tools to...
Dear Clients and Partners. First and foremost, we hope that you and your loved ones are well and that COVID-19 has not had a significant negative impact on you professionally or personally. It’s a time of uncertainty and unknowns, with changes being presented to us each day,...
Purchasing and owning a new home is such a joyful time, and the first year is particularly exciting! There are so many projects that probably come to mind, like personalizing a powder bathroom with wallpaper, tackling the landscaping out front to create curb appeal, or...
April is right around the corner, and Tax Day will be here before we know it. Purchasing a home is a significant financial decision, but one that could have tax benefits built-in. Let’s take a look at some of the tax benefits of homeownership for...
Often when people hear the term ‘title binder,’ they picture a three-ring binder filled with copious amounts of paperwork. This term is often confusing for both home buyers and sellers, in that many believe it is a place to keep notes that are related to...
Let’s take a closer look at escrow fees charged for both Buyers and Sellers, that generally appear on the closing statement with other related closing costs such as loan fees, commission, required repairs, disclosure costs, title fees, taxes, and payoffs. Requesting an estimated closing statement from...
Frequently Asked Question: What is a supplemental tax bill, and why did I receive it? The County Treasurer/Tax Collector issues a supplemental tax bill when the assessed value of changes. The three most common events that trigger a supplemental tax bill are: Change of Ownership Death...
To open escrow, the “terms of sale” will need to be negotiated and supplied directly from the buyer and seller before the escrow instructions are prepared for signing. As a neutral third-party, escrow holder ensures the conditions of the contract are met before title is...
As a borrower, there is a substantial amount of paperwork to keep track of when refinancing. The “Notice of the Right to Cancel Escrow” is part of the final loan document package, and it is sometimes referred to as the “3-Day Notice of Cancellation” or...
This document, included in the seller's opening package, requests that the seller swears under penalty of perjury that they are “not a non-resident alien for purposes of United States income taxation.” A Seller unable to complete this affidavit may be subject to withholding up to...