Welcome to Real Estate Guide

Real Estate Article

Thumbnail example

This is a selection made from among articles on Real Estate. For a permanent link to this article, or to bookmark it for future reading, click here.

California Real Estate Buyers Rights

from: Stephen Kreutzer

Real estate laws vary greatly form state to state. If you are
buying real estate you should understand what rights you have in
the state you are in. In California you have many rights and are
legally covered in many cases to have these rights. Knowing the
basic rights you have when buying real estate in California can
help you to get the best deal and treatment design you real
estate transaction.

The following list explains the basic rights every buyer has
when buying real estate in California.

1. You can and should interview and compare many agents and
lenders during the beginning of your process. This will help you
to find the best people suited to help you. Avoid jumping right
into a deal without first looking around.

2. California has a Residential Purchase Agreement called a
RPA-CA. You have the right to use this document to make or
accept offers.

3. California has a law that states an agent must tell you about
any relationship they have with seller. There is an Agency
Disclosure Form you can use for this purpose.

4. You can and should have an attorney look over all paperwork.
California is an escrow state, which means there is a third
party involved to help for enforce the contract. So
understanding it is important.

5. The RPA-CA contract allows you to have the right to reject
any offer you've made if you are not satisfied with the physical
condition of the home or neighborhood.

6. Even if a transaction is made "As-is" you still have thee
right to negotiate for repairs or credit for repairs that must
be done.

7. You can have independent tests and investigations done on the
home.

8. You have the right to have ever document explained to you by
an appropriate professional.

9. Even when in escrow you can end the deal. You may have to pay
money to do so. It is advisable to have an attorney if you chose
to walk away from a deal.

These rights are essential to you getting the fairest deal
possible. If you have any questions consult a real estate
attorney or professional agency.

About the author:

Stephen Kreutzer is a freelance publisher based in Cupertino,
California. He publishes articles and reports in various ezines
and provides information on California real estate at href="http://www.yourcaliforniarealestate.info">Your California
Real Estate!

Related Articles for Real Estate

The Key to the Real Estate Investing Vault (Jason Van Orden )

Time Is Money For Real Estate Investing (Derek Pierce )

What Is Foreclosure?(neotech (2063)Mortgage foreclosure is the process a bank or mortgage company uses to take back ownership of real estate when the homeowner hasn't complied with the mortgage agreement. Most often, that simply means that the homeowner couldn't keep up the mortgage payments.The foreclosure process may differ depending upon your state. Generally, the downward spiral into foreclosure begins when your loan payment becomes 16 days overdue. At that point, your mortgage lender may try to contact you to work out a repayment schedule to bring your loan current. If your mortgage payment becomes 30 days late and the next month's payment looks suspect, the collection calls will come on a regular basis. If your payments fall 90 days behind, the mortgage company will likely refer your mortgage to an attorney that will start formal foreclosure proceedings.Again, the foreclosure process varies by state, and the best source of information about how the foreclosure process might proceed in your case is a local attorney. Generally, the lender must serve a notice of default on the homeowner after a certain time period from when the payment becomes past due. This time period varies by state. The notice will give the homeowner a time period and an amount necessary to be paid in order to "cure" the default and avoid foreclosure. If the homeowners cannot pay the delinquency and costs of foreclosure within this time, then the lender will set a foreclosure sale date. The lender will then sell the property at public auction. If the sale price isn't enough to cover the outstanding debt and costs associated with the sale, the mortgage lender can and probably will pursue a deficiency judgment-a court order requiring you to pay the remaining balance to the lender.The property may be "redeemed" by the homeowner by paying all delinquencies and costs, up to the time of sale and in some states, for a period after sale. This redemption period varies by state. The law in most states gives the homeowner every opportunity to stop the foreclosure process. As a matter of fact, homeowners have options right up to the minute that the auctioneer's gavel comes down.Some of the most common options include refinancing to roll in past-due payments and "start fresh" with your mortgage debt, a debt workout plan, or Chapter 13 bankruptcy. Refinancing is usually not an option since mortgage companies will generally not lend to someone that is currently delinquent on their mortgage payments. Many people facing foreclosure find that Chapter 13 bankruptcy removes the immediate threat of foreclosure and allows them to catch up past due mortgage payments over time. If you're facing foreclosure, use this website to learn about your options, and then contact us for a FORECLOSURE HELP so that we can help you determine the next steps toward saving your home.What-Is-Foreclosure.txt)

Brandon Cornett (real_estate_marketing_mistakes_and_how_to_avoid_them.txt)

Alexander Willi (off_plan_real_estate_investments_in_bahia_brazil.txt)

Real Estate News

In City Real Estate, Old Clans Are Shrewd Again - New York Times

New York Times

In City Real Estate, Old Clans Are Shrewd Again
New York Times
At the height of the boom, the Dursts, the Rudins, the Roses, the LeFraks and other members of New York's royal real estate families ...

and more »

RioCan Real Estate Investment Trust Announces Results for Fourth Quarter and ... - MarketWatch

RioCan Real Estate Investment Trust Announces Results for Fourth Quarter and ...
MarketWatch
RioCan Real Estate Investment Trust ("RioCan") (TSX:CA:REI.UN) today announced its financial results for the fourth quarter and year ended December 31, ...

and more »

Suit over secondhand smoke targets real estate broker - Boston Globe

Boston Globe

Suit over secondhand smoke targets real estate broker
Boston Globe
Neither the real estate broker, Joseph DeAngelo, nor his lawyer would comment on the case. In a joint court filing summarizing the case, DeAngelo and his ...

and more »