Who is First In Right when two deeds of trust that secured the same real property, were simultaneously time-stamped for recording, but, indexed at different times? In First Bank v. East West Bank (October 17, 2011) 199 Cal.App.4th 1309, the Second District Court of Appeal Division Three concluded the lenders have equal priority. In the […]
Health Care Reform—More Colloquially Known As “ObamaCare.”*
The Court granted review in three of the petitions that are currently pending before it to review the litigation over the constitutionality of the Patient Protection and Affordable Care Act (ACA) – also known more simply as “health care reform,” or more colloquially as “ObamaCare.” The Supreme Court set aside a whopping five-and-a-half hours of […]
Riverside Family Law Attorney – New Website
Whether you need a Divorce Attorney in Riverside or Child Custody Lawyer in San Bernardino, the Mellor Law Firm has attorneys that have a combined 40 plus years of experience to help you get the results you searching for. With the development of their new Riverside Law Firm website, the Mellor Law Firm has also […]
Law Against Short Sale Deficiencies Expanded
In a major victory for Homeowners facing the loss of their homes, Governor Brown signed into law today, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior, or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior […]
California Real Estate Law – New Homebuyer Tax Credit
In an effort to stimulate the economy, California is offering first-time homebuyers up to $10,000 in state tax credits. Two different types of homebuyer credit are available: credits for first-time homebuyers and credits for homebuyers opting for new homes. The credits are alternative credits, such that a homebuyer qualifying for both must choose one or […]
Save Your House – With The Housing Market In Shambles, Who Will Pay?
Although the real estate market began its collapse several years ago, banks and lenders continue to sort out the related issues today. According to the New York Times, during the real estate boom years banks nationwide lent homeowners more than approximately a trillion dollars in the form of home equity loans. These loans were secured […]
Foreclosure Laws in California – Protection for Homeowners in Foreclosure or Short Sales
California has been among the states hardest hit by declining real estate values. Many homeowners now find themselves “underwater,” or owing more on their home than it is worth. According to a recent report from research firm First American Home CoreLogic, 37.4 percent of California home mortgages are underwater. In such cases, if homeowners cannot […]
Business Law Lawyers – New Federal Laws Regulating Credit Card Companies
This past May, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act, otherwise known as the CARD Act. This federal law aims to protect consumers from unfair credit card company policies and help consumers better manage their spending and credit. The first provisions of the law went into effect on August […]