When Can I Sign My Loan Documents?

As the escrow term draws nearer to the target close date, most buyers are singularly focused on that most important final hurdle: signing loan documents.

Important! For owners of Real Property in San Diego

Important Tax Information for owners of Real Property in the City and County of San Diego

Important tax information for owners of Real Property in the City and County of San Diego Failing to file certain forms of exemption with the County of San Diego can subject property owners to unexpected tax bills!  Here we discuss Homeowners Property Tax Exemptions and the associated City Rental Taxes. Homeowners Property Tax Exemptions San Diego County real property which … Read More

The IRS and your Sale Escrow

Some key factors to know about the Internal Revenue Service (IRS) and your sale escrow: The IRS requires that settlement agents report the sales they close  The report is submitted by the filing of Form 1099-S  Certain transactions do not have to be reported  No report is submitted for a Corporation Seller  No report is submitted under certain Residing Seller … Read More

The FTB and Your Sale Escrow

Some key factors to know about the Franchise Tax Board (FTB) and your sale escrow: Every Seller’s withholding status is assessed separately Married Sellers are each considered to hold a 50% interest (Community Property State)   A properly completed Form 593-C avoids withholding No FTB form is complete without a Taxpayer Identification Number (TIN)  Form 593-E is offered by the FTB … Read More

How Seller Financing Impacts a Sale

Typically, buying a home in Southern California means financing the majority of the purchase with a mortgage loan. Most of these buyers will seek financing through an institutional lender, such as a bank. Under certain conditions, however, that financing can be arranged between the seller and purchaser. Seller Financing Sellers may offer to “carry back” financing as part of the … Read More

Second Installment of Property Taxes: Due February 1st!

Friendly reminder that the Second Installment of property taxes are due on FEBRUARY 1, 2019 (and are considered delinquent after April 10, 2019)! To all sellers who are scheduled to close escrow ON OR BEFORE APRIL 10TH and have not yet issued their First Installment payment: It is in your best interest to pay the tax installment through escrow rather … Read More

Making a Smooth Move: Downsizing Tips for Seniors

GUEST BLOG POST WRITTEN BY: Michael Longsdon, Elder Freedom. After living in your home for years, it’s not unusual to feel a deep sense of sadness knowing that you have to downsize to a smaller home. Your house is filled with beautiful memories, and it’s tough to leave it all behind. But no matter where you decide to move and begin … Read More

San Diego County Recorder Holiday Schedule 2019

Our 2019 calendar is available now for download! We highlight the San Diego County Recorder’s Holiday schedule for easy reference! Learn more about the San Diego County Recorder on their website.

Release of New Geographic Targeting Order by the US Treasury Department

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a new Geographic Targeting Order which describes the Covered Transactions for which title companies are required to gather information on All-Cash Entity Buyers. The Order is in effect from November 17, 2018 to May 15, 2019. Entity Buyers, such as Limited Liability Companies and Partnerships, can expect to be asked … Read More

First Installment of Property Taxes: Due November 1st!

Friendly reminder that the First Installment of property taxes are due on NOVEMBER 1, 2018 (and are considered delinquent after December 10, 2018)! To all sellers who are scheduled to close escrow ON OR BEFORE DECEMBER 10TH and have not yet issued their First Installment payment: It is in your best interest to pay the tax installment through escrow rather … Read More