You need to file a Propositon 58 with the Assessor's office. This is an exclusion for reassessment when the transfer of the real property is between parent and child. To get the full exclusion you must file within 3 years of the tranfer/recoradation, otherwise the exclusion would begin with the current fiscal year.
Yes, for residential rental property, flood insurance can be purchased up to $250,000 or the replacement cost value of the property, whichever is lesser.
Generally, inherited property is separate property in a community property state.
Look on your closing documents. They should itemize all the fees related to the transaction.
The purchaser of a foreclosed property is not a beneficiary. All purchases have to be recorded in the registry of deeds for that county, or whatever system is used in your state.
You have full and equal right of ownership on the property purchased.
Inherited property is not generally considered community property. However, if the property is located in another state, the property laws in that state govern. For example, California is a community property state. If the married couple from California inherited land in massachusetts, that land would not be held as community property since Massachusetts is a separate property state. If the California wife purchased property in her own right in massachusetts it would not become community property of the marriage. Massachusetts law would govern the ownership of the property.
If the property was purchased during the marriage it is community property if you live in a community property state.
property of negative exponents
Visit the lender and find out how to make this happen. It may have tax ramifications, but there should be a process.
Yes, you have to be honest when filling out the application. It has legal ramifications on property and inheritance rights.
Regardless of where you live, the state the property is located in will have law jurisdiction. If the property is in CA, then CA law will apply to the property when it goes into foreclosure.
what percentage of property in California is privately owned
One gets a release liability when property is newly purchased by someone. When the property is purchased the release liability ensures that the owner of the property will pay of debt.
No. In all states, the property cannot be taken if it was purchased before the marriage.
statute of limitations on property claims made in California
statute of limitations on property claims made in California
If you mean, after the obligor has purchased the property, yes. If you mean, after the obligor has sold the property and no longer holds title, no.