Certain types of transfers are specifically exempted by California Civil Code § 1102.2. These are as follows:
(1) Transfers requiring a public report pursuant to § 11018.1 of the Business and Professions Code and transfers pursuant to § 11010.8 of the Business and Professions Code where no public report isrequired.
(2) Transfers pursuant to court order (such as probate sales, sales by a bankruptcy trustee, etc.).
(3) Transfers by foreclosure (including a deed in lieu of foreclosure and a transfer by a beneficiary who has acquiredthe property by foreclosure or deed in lieu of foreclosure).
Do nothing from rivalry or conceit, but in humility count others more significant than yourselves. - Philippians 2:3
Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.
Consumer Lending Executive, D. Steve Boland, explained:
“Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”
Boland went on to say:
“The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.”
This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story.
Each real estate agent brings a mixed set of abilities & specialties to their buyers and sellers.
It is critical to find a realtor who you can trust to lead you throughout the entire process step-by-step.
Having a talk about your intentions & expectations will not only save you unneeded frustration but will also make the transaction as smooth as possible.
by Joe Garrett
To Our Clients, Colleagues, and Friends:
On Wednesday, February 17th from 2:00 p.m. to 3:30 p.m. Eastern, we're hosting an MBA webinar titled "Ten Things Your Company Must Do in 2016" that's geared toward mortgage company and bank CEOs, CFOs, and secondary marketing managers, and warehouse lenders, industry analysts, and others.
We'll cover why your team should set key business goals and initiatives for management to achieve during 2016; why "doing as much volume as possible" should not be one of your goals; how your management team should organize, assess, and modify its goals throughout 2016; and offer ten concrete, practical suggestions for the coming year related to investor relationships, financial management, compliance, and operational performance.
by Michael Ertem