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CFPB Interactive Calendar- Timing of Disclosures

TIMING CHANGES

Have you been trying to untangle the web of timelines for disclosing?

Will the timing changes impact when my real estate transaction can close?
Consummation is the day the borrower becomes legally obligated under the loan, which would be the date of signing, even if the loan has a rescission period. It is important to note the definition of consummation can be different than the closing date as defined in the purchase agreement where the buyer becomes contractually obligated to a seller on a real estate transaction.

The tool below will assist you in determining the earliest consummation date.

Click Image for Interactive Calendar!

We succeed when you SUCCEED! 

Insuring Living Trusts- Team Title Guy

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.
What is a trust?
A trust is an agreement between a trustor and trustee for the trustee to hold title to and administer designated assets of the trustor for the use and benefit of one or more beneficiaries.

Can a trust itself acquire and convey interests in real property?
No. The living trust is an arrangement between a trustee and a trustor. Only the trustee, on behalf of the trust, may own and convey any interest in real property. The trustee may only exercise the powers granted in the trust.
If there is more than one trustee, can just one join?
Maybe. The trust must specifically provide for less than all to sign.
Who can be trustee?
Any individual not under a legal disability or a corporation that has qualified to do a trust business in the state of California.

Grow Or Die-Team Title Guy! Meet the Team!

Wow… As the year blows past us, don’t blink.. Life has a tendency of throwing us curve balls and definitely keeping us on our feet! On behalf of Danielle and I, THANK YOU! The month of April was probably one of the hardest months we have eve endured as a family and as a couple. Losing Charlie was incredibly challenging and I am sure we will face struggles for months and years to come. However, through all of this, we have witnessed many amazing things as well! We witness so much LOVE, that we were overwhelmed! It truly felt like the hand of God was upon us, and this indescribable peace took over us. It was truly incredible to feel His presence with us and neither Danielle nor I could ever imagine going through this without our Faith! Every prayer was and is appreciated, and in case you wondered if it works, the answer is YES. The outcome is NOT what we desired, but there are so many stories and examples of how he was working in and around Charlie! Danielle and I are grateful for so many wishes and we THANK YOU! Know that He loves you and wants a relationship with each of us! Lean on Him in times of struggle and success! I am open to chat with anyone who wants, and if you are going through something, don’t be afraid to reach out. We are not called to do this thing called life alone! As for business, Thank you for your support, and please know we will move mountains to help you grow! Ryan J Orr 909-767-0718 Simple Search on Recent Comps… 

Have you seen? Click to pull Zip Code Specific numbers as they relate to the areas that you call on! Click 

Rockstar Ron Romero TTG Title Services Co-Ordinator Need something Immediately… Ron is a resource on our team, and he loves to help! Give him some love, reach out to him Today! Do you you have an Open House this weekend or a listing appointment? Let us help you get all dialed in! Check in with Ron Today! 951-334-6159 Ron.Romero@TicorTitle.com 4120 Concours Ave 400 Ontario, Ca 91764


Nordstromesque CS Service GURUs! Lori & Gen- They ROCK! For all things Property Related… Lori & Gen Rock.. Our Team Is here to support you! Lori.McGurn@TicorTitle.com 951-343-3809 Genevieve.Vega@TicorTitle.com 909-748-5151 




Life happens and Faith, and Family have to rank first. Next week we will celebrate may mom and Paul as they get married in this new chapter in life! Change is always around us. We need to embrace and support, as we pray that our Lords hand is upon them and blesses their marriage! Please send a prayer of Love and support over them! God Bless Nana & Paul! Ryan J Orr Ticor Title
 

Market Movers Real Estate- Inland Empire/ Rancho Cucamonga by the numbers

As top performers in the real estate marketplace we need to know what is happening in our markets! Check out some of these numbers as the relate and are up to date through May 9th. If you have any questions, I study these numbers all the time to have my finger on the pulse for my clientele.

He (or she) with the most knowledge wins!

Market Activity Index SB County

Landscape Chart

Market Segment Data For Rancho Cucamomga… Are you in the know for what is happening in the RC Areas. Click on the pinpoints for specific Zip Code Data!

Real Estate Withholdings! Do you know. TTG

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 provision was added to legislation on the last day of the legislative session in 2002. It was estimated to accelerate collection of $285 million in additional state revenue.
Who is responsible for withholding?
The law requires the buyer (called the transferee) to withhold from what would otherwise be paid to the seller.
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Land Contract- What is it? -TTG

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 negotiated by the parties.
The interest rate is negotiated and set by the parties involved. Land contracts can be created on or used on most types of property such as residential, land only, mobile home with land, commercial, mixed use.
Learn more about Land Contract by clicking the flyer below.
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