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REAL
ESTATE
SOLUTIONS TOPICS |
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Law Office of James E. Lund, APC - Real Estate Solutions
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PURCHASES
& SALES |
The
Law Office of James E. Lund, APC represent sellers, buyers, real estate
brokers, and real estate professionals such as appraisers, home inspectors,
and escrow companies. We provide an Escrow
Review Form for the use of our clients in order to determine in a
questionnaire format the terms of the proposed purchase or sale. We advise
our clients of the differences between the California Land Title Association
(CLTA) and the American Land Title Association (ALTA) forms of title
insurance. We advise our clients regarding the disclosures which sellers
must make and which buyer must receive in regard to the purchase and
sale of real estate in the State of California. We assist sellers and
buyers with misrepresentations and failures
to disclose.
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RESIDENTIAL
& COMMERCIAL LEASES & EVICTIONS |
We
assist our clients with the negotiation and documentation of both residential
and commercial leases. Next to buying a home, the lease for either residential
or commercial real estate is one of the most important legal documents
signed by our clients. We provide a Lease Review
Questionnaire for our clients so that they can be aware of the types
of provisions that are contained in most leases. We advise our clients
on ground leases, leases with options to purchase, gross leases, triple-net
leases, lease options, lease assignments, and subleases. We have represented
property managers with over a million square feet of commercial real
estate leases.
When there is a dispute between the landlord and tenant,
we handle evictions, and we advise
regarding abandoned property. Read our article on evictions entitled: "Landlords: Eviction for Nonpayment of Rent".
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MORTGAGES,
TRUST DEEDS & FORECLOSURES |
As
part of representing our business real estate clients we also advise
them regarding promissory notes secured by trust deeds, and mortgages.
A trust deed is a document recorded with the County Recorder's office
which shows that a lender has made a loan against the property. The lender
has a right to foreclose on the property if the loan payments are not
made.
We advise our clients regarding both non-judicial and judicial
foreclosures. A non-judicial foreclosure utilizes the power of sale contained
in the trust deed and is the quickest method to foreclose property. A
Notice of Default is recorded with the County Recorder's office which
gives the property owner 90 days to cure the payment arrearages or missed
payments. After the 90-day period has lapsed, a Notice of Sale is recorded
with the County Recorder's office which generally sets a sale for the
property aproximately 21 days later. On the day of foreclosure the holder
of the original trust deed is able to bid the entire value of the obligation,
including the principal, interest, trustee's fees, and any other statutory
fees, in what is called a "full faith and credit bid." This
bid is the first bid at the auction and any other person present for
the foreclosure sale may then bid a higher sum.
Less frequently we recommend a judicial foreclosure in
which a law suit is actually filed with the court and the court orders
a foreclosure. A judicial foreclosure is generally more expensive and
generally takes at least 6 months. However, when a property owner continually
goes into default after several Notices of Default, a judicial foreclosure
is always recommended because a judicial foreclosure cannot be easily
cured. We advise both creditors and property owners regarding both non-judicial
and judicial foreclosures.
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PROPERTY
DEVELOPMENT: CC&R's, LAND USE & ZONING |
We
represent property owners regarding development contracts, land use & zoning,
CC&R's, landscape maintenance agreements, and irrevocable dedications.
We also represent contractors, subcontractors, and design professionals
regarding real estate issues. We also advise regarding mechanic's
liens and lis pendens.
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EASEMENT,
BOUNDARY & TITLE |
Most
disputes between neighbors involve issues of easements, boundaries, covenants,
conditions & restrictions, and title disputes. We negotiate and prepare
easement agreements, boundary adjustment agreements, covenants, conditions & restriction,
and all other sorts of real estate related documents.
When there are easement, boundary, or title defect disputes
we review the original vesting documents such as grant deeds, we obtain
the title policies, we review parcel maps, surveys, and plotted easements.
We assist our clients in making claims against their title insurance
company, their home inspector, escrow companies, and real estate brokers.
When all else fails, we aggresively represent our clients in regard to real
estate litigation.
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