Welcome to the Legal Section of C.A.R. Online, where REALTORS® legal needs are met with the latest information and legal updates. Look below for the latest legal news during the last two months. You'll see Regulatory News, new Realegals®, and What's Hot announcements.
Feb. 8, 2016 (revised) Legal Article: Social networking and media Web sites such as Facebook, Instagram ®Twitter®, Wordpress®, Blogster®, Active Rain®, YouTube®, Yelp®, and LinkedIn®, as well as personal and public Blogs (such as Real Estate Tomato and Mashable) have revolutionized the business world. Social media can be quite beneficial for increasing business opportunities, but there are a few legal issues about which REALTORS® should be aware when using social media. This Legal Q&A addresses these issues.
Jan. 29, 2016 (revised) Legal Article: Summary of rights, obligations, security deposit law, pre-move-out inspections, termination of tenancy, and more. This Legal Q&A has been revised to reflect the impact on the termination of tenancies after foreclosure resulting from the July 21, 2010 passage of H.R. 4173. Questions 44 and 58 show the change in red font.
Jan. 26, 2016 (revised) Legal Article: This legal article discusses the income tax consequences to the borrower in the event of a foreclosure on the borrower’s property, in the event the borrower transfers title to the lender as part of an agreement with the lender (deed-in-lieu of foreclosure), and if the borrower sells the property to another in a short sale in which a lender accepts less than the balance due on the loan as payment in full.
Ramos v Westlake Kirby v County of Fresno In re Perl DM Residential Fund II, LLC v FIRST TENNESSEE BANK NATIONAL ASSOCIATION Ziani Homeowners Association v. Brookfield Ziani LLC Garcia v Holt Castillo v DHL Express Majd v Bank of America Chen v Kraft Burgueno v The Regents of the University of California
Jan. 22, 2016 Legal Article: The Revocable Transfer on Death deed (TOD deed) is a new and simple way to pass property to a beneficiary without a probate, without setting up a trust, and without holding title as a joint tenant. The TOD deed has no effect during your lifetime, and it can be revoked at any time.
The TOD deed law contains a separate Frequently Asked Question portion. These are questions that the California Legislature included as part of the law itself to facilitate use of the TOD with or without an attorney. The text of the FAQs are reprinted exactly as they appear in the law.