Point South Group

UNDERSTANDING FORECLOSURES

Posted by realistiQ Support on April 29, 2019 in  Homeowner Information  Resources
It is an unfortunate commentary, but when economic activity declines and housing activity decreases, more real property enters the foreclosure process. High interest rates and creative financing arrangements are also contributing factors. When prices are rapidly accelerating during a real estate “bonanza”, many people go to any lengths available to get into the market through investments in vacation homes, rental housing and trading up to more expensive properties. In some cases, this results in the tak... read more
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UNDERGROUND HEATING OIL TANKS

Posted by realistiQ Support on April 29, 2019 in  Homeowner Information  Resources
Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water. Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines. Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above ground tank to b... read more
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MELLO-ROOS

Posted by realistiQ Support on April 29, 2019 in  Homeowner Information  Resources
In purchasing your new home, your future monthly payments will be made up of principal, interest, real property taxes, and insurance. But what is the tax for the Community Facilities District, otherwise known as a Mello-Roos District? The Land Title Association (LTA) has answered some of the most commonly asked questions about the Mello-Roos Community Facilities Act. What is a Mello-Roos District? A Mello-Roos District is an area where a special tax is imposed on those real property owners within a Community Facili... read more
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MECHANIC’S LIENS

Posted by realistiQ Support on April 29, 2019 in  Homeowner Information  Resources
The Mechanics’ Lien law provides special protection to contractors, subcontractors, laborers and suppliers who furnish labor or materials to repair, remodel or build your home. If any of these people are not paid for the services or materials they have provided, your home may be subject to a mechanics’ lien and eventual sale in a legal proceeding to enforce the lien. This result can occur even when the homeowner has made full payment for the work of improvement. The mechanics’ lien is a right that... read more
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LIVING TRUSTS

Posted by realistiQ Support on April 29, 2019 in  Homeowner Information  Resources
Estate planners often recommend Living Trusts as a viable option when contemplating the manner in which to hold title to real property. When a property is held in a Living Trust, title companies have particular requirements to facilitate the transaction. While not comprehensive, answers to many commonly asked questions are below. If you have questions that are not answered below, your title company representative may be able to assist you, however, one may wish to seek legal counsel. Who are the parties to a Trust?... read more
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