The Loftin Firm, P.C. is pleased to announce it received an Excellence Award as one of the Top 20 Real Estate Firms in San Diego County for 2016 from Expertise. The award is made possible by the work of the entire Loftin Firm team - thank you! To learn more about the...
Litigation, and all legal representation, creates by necessity an abondonment of "secrets" by the client. The abondoment of "secrets" by the client is protected by the Attorney-Client Privilege. In DP Pham LLC v. Cheadle (2016) 246 Cal.App.4th 653, the...
In part 1 of this 3 part blog, we reviewed steps needed to understand what you own or have inherited. Now that you have an understanding of the property, you may have decided to keep the property and operate it for income purposes. This blog will review issues...
Many of our clients are multi-generational property owners; sometimes the junior family members are involved in the business and are ready to step into ownership of the commercial real estate. Other times, those who inherit the property have never owned the particular...
Most HOAs and Mobilehome Parks have rules intended to protect children and other residents. Unless, the property is age restricted to 55+ or 62+, then such rules violate the Federal Fair Housing Amendments Act of 1988 ("FHAA"). The FHAA created a new protected class...
Famed fashion designer, Betsey Johnson, recently purchased an approximately 1,500 square foot mobilehome in what some have deemed "America's Most Glamorous Trailer Park." The previous asking price of the mobilehome was just under $1.95 million. Johnson purchased the...
Financing for mobilehomes has received good news after years of difficulty to obtain loans. The Manufactured Housing Institute provided an overview in this article. The good news came from actions taken by the House of Representatives in Washington D.C. to...
A buy-sell agreement is a business contract most commonly entered into by individuals shareholders and the corporation. In simple terms, a buy-sell agreement is primarily used to restrict the transferability of the shareholder's shares of stock in the corporation by...
We all know that certain information regarding nonprofit organizations is public information. If a person requests information such as the nonprofit's tax returns, the organization is required to provide the information in a reasonable time. The IRS has a new program...
HOA Reserves under the Davis-Stirling Act may be impacted by the enactment of Assembly Bill 968, which amends California Civil Code Section 4775. AB 968 changes the responsibility for exclusive use common areas. The current law under the Davis-Stirling Act effective...