We discuss how to determine your new property tax bill under Proposition 19 family transfers: (“new” property tax basis) = ((Fair Market Value) – ((old property tax basis) + $1,000,000)) + (old property tax basis))! Explained in our article.
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devinlucas
Real Estate Mediation And Compliance With The Requirement For Pre-Litigation Mediation Under The California Association of REALTORS® Residential Purchase Agreement (“RPA”)
This article is designed to provide an overview of the real estate mediation process with emphasis on review and requirements under the California Association of REALTORS® Residential Purchase Agreement (CAR form “RPA”).
Bidding War Winners Are Getting Cold Feet And Backing Out, Opening Potential Deposit Disputes
An increasing amount of buyers who won ‘bidding wars’ are backing out of their purchases, often (per the Seller) leaving the home in a less desirable position than when it was first listed and ‘red hot’, and opening the door to deposit disputes.
Intra Family Sale and/or Gifting of Real Estate in California (Propositions 13, 58, 193, 60 and 90 and new Proposition 19)
Lucas Real Estate – Attorney Devin Lucas and CPA Courtney Lucas – are experts in California intra family transfers using all aspects of Propositions 13, 58, 193 60 and 90 and new Proposition 19. Learn more about how Lucas Real Estate may help by clicking here. WARNING — CALIFORNIA PROPOSITION 19 HAS UPENDED THIS ENTIRE … Continue Reading
How to Write a Real Estate Mediation Brief
Preparing for a real estate mediation can be stressful, but a well prepared concise brief will not only help the mediator to understand your case, it will also help you to organize your thoughts and positions. Here, we discuss what makes a good mediation brief and some suggestions for the same. BACKGROUND Real estate disputes … Continue Reading
Real Estate Cancelations, Deposit Disputes and “Force Majeure” Claims Re Coronavirus (COVID-19) – Video Edition!
Join Real Estate Attorney, Real Estate Mediator and Real Estate Broker, Devin Lucas, discuss Real Estate Cancelations, Deposit Disputes and “Force Majeure” Claims Surrounding Coronavirus. Aka Force Majeure, Civil Code 1511, Act of God, Unforeseen Circumstances, Impossibility of Performance, Commercial Frustration, Frustration of Purpose, and other creative phrasing of the same argument. We discuss: 1) … Continue Reading
Real Estate Cancelations Surrounding Coronavirus (COVID-19)
Can you legally cancel your real estate transaction, or real estate listing, over Coronavirus (COVID-19)? What options does a buyer have to cancel, what about the seller, what about the REALTOR®? Read our below article for a preliminary discussion; watch this video where Mr. Lucas explains in detail: No doubt, real estate transactions are being … Continue Reading
It’s Official – California Has Statewide Rent Control
It’s Official – California Has Statewide Rent Control… Many exemptions exist that will apply to most small owners; corporate owners are the primary target of the current law. … This New Statewide Rent Control Has Two Key Components: 1) Caps Rental Increases; 2) Requires “Just Cause” For All Evictions.
Understanding California Propositions 60 and 90
Understanding California Proposition 60 and Proposition 90
Davis Magnet School lottery is now open – Newport Mesa Unified School District
Attention Newport Mesa parents…. Davis Magnet School lottery is now open. Newport Mesa Unified School District (serving all of Newport Beach and Costa Mesa) has some amazing schools… including Davis Magnet School. How do I get my child in?… you literally have to win the lottery. Lottery applications are now open – now through March … Continue Reading
