What is a probate code 850 petition?

What is a probate code 850 petition?

The probate code 850 petition, commonly known as a Heggstad petition, facilitates the legal process of avoiding extensive court probate administration procedures. It requests the court to order properties that should have been titled in the name of a trust but were not. Heggstad petitions are a cost-effective and robust tool that can save you time and money. They can also assist in the detection of any possible trust disputes, trust challenges, trustee suspension, trustee removal, or violation of fiduciary responsibility that may be waiting in the wings. In this...
Our Top Loan Amortization Tips

Our Top Loan Amortization Tips

While loan amortizations may seem easy to understand, they can also be incredibly nuanced. At Evoque Lending, we’re here to break them down for you! Here are Four loan amortization tips to keep in mind when it comes to taking control of your mortgage: 1. Choose a 15-year mortgage if you can afford it: a 30-year fixed rate is typically more popular amongst homeowners, but not everyone realizes that the amount of interest you pay is significantly higher over the course of the loan. 2. Utilize accelerated amortization: by accelerating your amortization, you...
Seasoned mortgage professionals know.

Seasoned mortgage professionals know.

Even after 24 years in the mortgage industry (as of April 23, 2021), I found that I was still trying to improve upon my follow-up system. There are so many systems out there to choose from, so many suggestions and recommendations that all sound great, until of course you attempt to try them out for yourself. Some systems of course tend to work short term, but with others you painfully discover that they’re simply an all-out waste of time. Now, any seasoned mortgage professional knows that your biggest expense in this industry is undoubtedly leads, so it’s...
Lending and California’s Usury Laws

Lending and California’s Usury Laws

California usury laws add a layer of complexity to doing business in the state. Usury laws limit the amount of interest that can be charged by various parties, and usury is the charging of interest in excess of the amounts permitted by those laws. The California Constitution characterizes “interest” as fees, bonuses, commissions, discount, or other compensations received from a borrower. Before brushing aside usury laws, it is important to know that any lender that originates a usurious loan in California will be subject to tough civil penalties. Unfortunately,...
Duties Under the Code of Ethics and Standards of Practice of the National Association of Realtors

Duties Under the Code of Ethics and Standards of Practice of the National Association of Realtors

The Preamble to the National Association of Realtors’ (NAR) Code of Ethics and Standards of Practice begins with: Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. [Realtors] should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and...
Open House Best Practices

Open House Best Practices

Done properly, open houses can be a powerful selling tool for real estate agents and clients. To generate interest and quality leads through an open house, there are some best practices that real estate agents can and should following leading up to and during an open house. Advertising  Getting the word out about an open house is vitally important. Here are a few tips for successful open house advertising campaigns: Combine the open house with other listings in the area. Consider advertising the open house with listings from other brokers to increase visibility....