Transfers of commercial real property or apartments into a trust are considered a “sale” by banks. The note may become due and payable because of the transfer.
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California Constitution Article XIIIA limits the property tax base on real property to the purchase price plus a maximum two percent annual adjustment for inflation. But certain changes in ownership will result in the property tax base adjusted to current “full cash value” or “fair market value.” Property tax base adjustments happen in the removal [...]
Deed and Record is an internet service created by Mark W. Bidwell to change ownership in Hawaiian timeshares by quit claim deed. This Tip Sheet advocates the use of quit claim deeds to fund trusts, remove a spouse as co-owner pursuant to divorce or dissolution of marriage, and to give away a timeshare. A quit [...]
Death bed transfers to sever joint tenancy in real property require strict compliance with California Civil Code Section 683.2(c). Either before the death of the severing joint tenant, the quit claim deed to severe joint tenancy is recorded in the county where the real property is located; or the quit claim deed to severe joint [...]
Courts continue to see an increase in the numbers of litigants who represent themselves in divorce. Approximately two hundred thousand divorce petitions are filed annually in California and it is estimated eighty percent of those cases involve at least one self-represented litigant. Self-represented litigant’s are referred to as “pro per” or “propria persona” and proceed [...]
On the death of surviving joint tenant a timeshare will go through probate. Deed and Record is a website for Hawaiian Timeshare owners to avoid probate. Probate is the transfer of ownership from the decedent to living heirs under the supervision of the probate court of Hawaii. Probate is costly, time consuming and complicated. Often [...]
The problem with timeshares is immediate lose of value after purchase, annual maintenance fees and travel expenses for use. In economic hard times, this problem becomes an ongoing burden for the timeshare owner. DeedandRecord.com is an independent source to transfer timeshare title and ownership for bona fide gifting, adding and removing co-owners and inter spousal [...]
A quit claim deed transfers property ‘as is.’ Quit claim deeds do not contain any implied warranties of debt outstanding or good title. An owner who ‘quit claims’ real property simply conveys whatever ownership interest he or she has along with any debt or loans secured by the property. A quit claim is the easiest [...]
