Single Family Residence, Planned Urban Development, or Condo?

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It looks like a Single Family Residence. The Appraisal shows it as a PUD and the Preliminary Title Report shows it as a Condominium. Which is it really and what is the difference? Let us explain! A Single Family Residence (SFR) is a single, freestanding, detached residential dwelling structure built on a single parcel of

Community Property w/ Rights of Survivorship

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After July 1, 2001 married couples, and domestic partners owning real property in California can opt to take title in the form of Community Property with Right of Survivorship. Community Property with Right of Survivorship has the same attributes as the traditional community property form of title but, like joint tenancy, has the additional attribute

Title Insuranace Requirements for Insuring Living Trust

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In the world of busy probate courts and a desire for privacy, the living trust has become a common manner of holding title to real property. The following may help you understand a few of the requirements of the title insurance industry if title to property is conveyed to the trustee of a living trust.

Why Me? Why Us? Why Ticor?

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Whenever I have the opportunity to go on an interview with a real estate agent I learn so much about the industry, the challenges they face and their willingness to share their ultimate goals and dreams. Every interview begins at first with the standard top-of-the-line conversation regarding title insurance and real estate. The real work

What is Land Contract?

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A land contract is an installment contract in which the seller finances the purchase. The seller maintains the deed until satisfaction. It is comparable to owner financing. The buyer gives the seller a down payment and the seller acts as a bank; financing the balance of the purchase or sale price. The interest rate is

Econ Focus – Housing’s Best Year in A Decade

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Freddie Mac’s predictions for housing in 2016: Housing Supply Increases There’s good news in the housing construction data. Multifamily housing starts have been solid, running above 300,000 for the past three years. But without single-family construction increasing it’s going to be hard to meet housing demand. In February 2016 single-family housing starts were at a

Understanding Withholdings on Real Estate Sales

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WHEN DID WITHHOLDING START FOR CALIFORNIA RESIDENTS? The withholding law applies to dispositions of California real estate by both residents and non-residents which close on and after January 1, 2003. Previously, withholding was only required of non-resident sellers. Why was this withholding law enacted? As part of attempting to balance the state budget, this withholding