LOS ANGELES
REAL ESTATE LAW OVERVIEW
Los Angeles Lawyer - Attorney Search Network works
closely with a network of reputable Los Angeles real
estate attorneys and law firms who have proven experience and
expertise in dealing with all legal issues involving
Los Angeles real estate law and are committed to providing
the highest quality of competent legal representation.
If you or someone you know would like to get referred
to a bar certified Los Angeles real estate lawyer,
contact us Toll Free at (800) 215-1190 or
fill out our “Find
a Los Angeles Lawyer” form. A qualified
Los Angeles real estate lawyer will assist you in
resolving your case efficiently and expeditiously.
Los Angeles real estate law refers to all land, structures,
anything growing on the land, and all "interests"
in the property, which may include the right to future
ownership. Property denotes the lawful control over
things, objects, or land.
For the most part, states have exclusive jurisdiction
over the land within their borders, and their law
concerning the kind of interests that can be held
and how they are created is not subject to federal
law.
The following are explanations of select subjects
included in Los Angeles real estate law:
Mortgage
(Covered in Real Estate Law)
A mortgage is a document in which the owner guarantees
a title to real estate to a lender as security for
a loan described in a promissory note. To be enforceable
the mortgage must be signed by the owner (borrower),
acknowledged before a notary public, and recorded
with the County Recorder or Recorder of Deeds. If
the owner fails to make payments on the promissory
note then the lender can foreclose on the mortgage
to force a sale of the real estate to obtain payment
from the proceeds, or obtain the property itself at
a sheriff's sale upon foreclosure.
A purchase-money mortgage is one given by a purchaser
to a seller of real estate as partial payment. A
mortgagor may sell the property either "subject
to a mortgage" in which the property is still
security and the seller is still liable for payment,
or the buyer "assumes the mortgage" and
becomes personally responsible for payment of the
loan. California is one of 14 states that use a "deed
of trust" as a mortgage, in which the title is
technically given to a trustee to hold for a beneficiary.
Home Equity Loan
(Covered in Real Estate Law)
Home equity loans are often used to consolidate other
debt with higher interest rates such as credit card
debt, or to finance costly expenses such as a wedding
or educational expense. Two main types of home equity
loans exist. The first type is the traditional second
mortgage, and the second is a home equity line of
credit
All of our Los Angeles real estate
attorneys and law firms are members in good standing of the California
Bar Association and have been subject to our pre-screening
process so that we may provide you with the best legal
assistance possible. To get referred to a qualified
Los Angeles real estate lawyer
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