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Posted on Nov 29, 2017
The California Residential Purchase Agreement and Joint Escrow Instructions form (" RPA ") published by the California Association of Realtors (" CAR ") is used in the majority of ...
Continue reading "THE C.A.R. RESIDENTIAL PURCHASE AGREEMENT" »
Posted on Aug 2, 2017
Most commercial mortgage loans, other than construction loans, are nonrecourse to the Borrower, subject to exceptions which are usually referred to as "carve-outs". Originally, carve-outs ...
Continue reading "UNEXPECTED PERSONAL LIABILITY FOR HOTEL LOANS" »
Posted on Oct 29, 2013
If a recorded document gives notice of an option to purchase, the option will expire of record six months after the expiration date shown in the document. If no expiration date is shown, then the ...
Continue reading "ENFORCEABILITY OF OPTIONS TO PURCHASE REAL PROPERTY" »
Posted on Oct 14, 2013
A description of what is being bought and sold is, of course, an essential part of any purchase and sale contract. One disappointed land Buyer found out the hard way in a 2012 Court of Appeal decision ...
Continue reading "TITLE INSURANCE COVERS ONLY THE PROPERTY DESCRIBED IN THE PURCHASE AGREEMENT" »