Our Blog

Sunday, 22 January 2017 00:00

Real Estate Law

Real Estate Law

Mr. Trapani handles various real estate related matters and lawsuits. These include for example cases where the seller of real estate fails to disclose to the buyer problems with the home, where the builder of a new home is guilty of shoddy workmanship and the home has defects which are not repaired; cases where someone's home is damaged by a landslide or a neighbors careless maintenance or activity on the nearby property; cases involved foreclosure or dealing with the threatened loss of one's home.

Mr. Trapani handles various real estate related matters and lawsuits. These include for example cases where the seller of real estate fails to disclose to the buyer problems with the home, where the builder of a new home is guilty of shoddy workmanship and the home has defects which are not repaired; cases where someone's home is damaged by a landslide or a neighbors careless maintenance or activity on the nearby property; cases involved foreclosure or dealing with the threatened loss of one's home.

Document Various documents drafted.
Grant Deed

"Grant Deeds" are the most common deeds used to transfer ownership of real estate. The Grant Deed is better than a Quit Claim Deed for the Buyer, since it provides certain promises about the nature and quality of the property and title to the property.

Quit Claim Deed

A "Quit Claim Deed" is often used in transactions which need to be quickly consummated or where the Buyer is not as concerned with the nature and quality of the property or title to the property. For example, the use of title insurance together with a Quit Claim Deed can be very effective for the Buyer and often, just as effective as the Grant Deed.

Promissary Note

A "Promissory Note" is a contract which states that money is loaned to a Borrower and that the Borrower agrees to pay the Lender back under certain terms and conditions.

Deed of Trust

A "Deed of Trust" is California's version of a mortgage. It is the companion to the Promissory Note in most real property loan transactions in California. Most financial institutions will require that a Borrower using real estate as collateral for a loan sign both a Note and a Deed of Trust for a loan. The Note is given to the Lender. The Deed of Trust is "recorded" with the County Recorder of the county where the property is located. The Deed of Trust effectively goes on record title of the property and typically remains there until the property is sold, the loan is refinanced, the loan is foreclosed, or the loan is paid off. If the Borrower does not make the payments on the Promissory Note, the Lender can "foreclose" the Deed of Trust and sell the Borrower's property to satisfy the loan.

Deed of Reconveyance

The "Deed of Reconveyance" document is used when a loan is paid off or refinanced. This document is important to clear title to a property.

Published in Practice Areas

Contact

Contact the Trapani Law Firm for a consultation now.

We understand the ins and outs of real estate law, construction law, foreclosure law and personal injury law.

Contact Info

2201 Francisco Dr.,
Suite 140
El Dorado Hills, CA 95762

(916)-337-3777
  This email address is being protected from spambots. You need JavaScript enabled to view it.
9.00 am to 5.00 pm