LIQUIDATED DAMAGES IN A TYPICAL CALIFORNIA RESIDENTIAL REAL ESTATE CONTRACT
EXAMPLE: Suppose a Buyer and Seller agree on a purchase price for Seller’s home (for this hypothetical assume $850,000.00), they sign the customary California of Association of Realtors (“CAR”) form Residential Purchase Agreement and Joint Escrow Instructions...
Tenant Evictions After Foreclosure in California
California foreclosures are usually nonjudicial, which means the process takes place without court supervision. After the foreclosure sale, the trustee records a "trustee's deed" in favor of the the high bidder from the auction. At that point, the high bidder...
California Mortgage Loans, Default, Foreclosure and Eviction Process
When you take out a loan to purchase a property in California, you'll likely sign a promissory note and a deed of trust. A promissory note is basically an IOU that contains the promise to repay the loan, as well as the terms for repayment. The deed of trust turns the...
WHAT IS FORM I-485, ADJUSTMENT OF STATUS?
Form I-485, Application to Register Permanent Residence or Adjust Status, is the USCIS form you will need to file in order to change your U.S. immigration status to permanent resident status. If you entered the U.S. as a nonimmigrant and if you meet all the...
Which Bankruptcy is Right for My Situation?
The bills are piling up and creditors are calling and making timely payments has become difficult. You find yourself in a situation where you have to make a difficult choice – whether to file for bankruptcy or not. There are some issues to consider when making such a...