danville ca real estate: Prescriptive easement shows in the record
- 03/24/08 09:49 AM
According to latest on discussed Danville,CA prescriptive easement of backyard sewer main, my source at Landamerica Commonwealth informs me the CCCSD resolution amendment indeed shows in the public record on each of the listed parcel #'s. I have not personally confirmed this but if true my thank you to the responsible parties at CCCSD. I don't really know if my letter to First American precipitated this chain of events. I do know that the positive results were achieved without lawyers or acrimony. CCCSD acted as a responsible party within the constraints of the situation. Prescriptive easements are grey area in real … (2 comments)
danville ca real estate: Short sales and recourse status
- 02/26/08 02:04 AM
I looked at the web discussions about recourse and non-recourse loans and then opened the textbook. Purchase money loans are non-recourse..even if junior lien. Subsequent loans and refis not protected by anti-deficiency measures. The big gap in textbook and discussion on web.. 80/20 purchase money scenario that used a credit card type HELOC as the second purchase money loan. Is the HELOC recourse in this situation if the 1st position lender forecloses non-judicially? My query regaards CA only.
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danville ca real estate: Short sales
- 02/25/08 07:40 AM
Useful rule of thumb..average cost to foreclose 55 to 70 K Short sale offers of less than average loss more likely accepted. Offers should stress buyer's committment and patience with short sale process. This may prevail over a higher offer with less committment. Buyers be advised that banks will likely retain right to have seller accept other offers (offer, not back-up) even after a short sale offer accepted. Bank name isn't on the sales contract. For those selling short: A waiver of a security mutually agreed to between the lender and borrower (short seller) to avoid foreclosure may result in a secured debt becoming recourse debt (unsecured). Original purchase money … (0 comments)
According to latest on discussed Danville,CA prescriptive easement of backyard sewer main, my source at Landamerica Commonwealth informs me the CCCSD resolution amendment indeed shows in the public record on each of the listed parcel #'s. I have not personally confirmed this but if true my thank you to the responsible parties at CCCSD. ;)
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