Summary provided by California Association of Realtors: A lender must provide a borrower with a specified summary of information attached to a copy of a notice of default and notice of sale for any property containing one-to-four residential units. The…
Protections for Homeowners in Mobilehome Parks
Summary provided by California Association of Realtors: A mobile home park, starting January 1, 2013, must provide a personal property mobile home owner with a specified notice in the rental agreement for space, and before February 1 every year thereafter. The…
Restrictions Against Cancellation Fees for HOA Documents
Summary provided by California Association of Realtors: Beginning January 1, 2013, an HOA cannot collect a cancellation fee for HOA sales disclosure documents in either of two situations: (1) a request is cancelled in writing by the party who placed…
Landlord Must Disclose Notice of Default to Prospective Tenants
Summary of new law from the California Association of Realtors: Starting January 1, 2013, every landlord who offers for rent a residential property containing one-to-four units must disclose in writing to any prospective tenant the receipt of a notice of…
I heard that there are two new taxes associated with real estate transactions in 2013
Obama Care Federal 3.8% Sales Tax: Q. Will my Real Estate closings, beginning in 2013, be subject to a new Federal 3.8% Sales Tax? A. In conjunction with the significant new Federal Health Care Reform legislation passed in 2010, the…