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Mr. Trapani handles various real estate related matters and lawsuits.
These include for example cases where the seller of real estate fails
to disclose to the buyer problems with the home, where the builder of
a new home is guilty of shoddy workmanship and the home has defects which
are not repaired; cases where someone's home is damaged by a landslide
or a neighbors careless maintenance or activity on the nearby property;
cases involved foreclosure or dealing with the threatened loss of one's
home.
| Real Estate Law |
| Document |
Various documents drafted. |
| Grant
Deed |
"Grant Deeds" are the most common
deeds used to transfer ownership of real estate. The Grant Deed is
better than a Quit Claim Deed for the Buyer, since it provides certain
promises about the nature and quality of the property and title to
the property. |
| Quit
Claim Deed |
A "Quit Claim Deed" is often used
in transactions which need to be quickly consummated or where the
Buyer is not as concerned with the nature and quality of the property
or title to the property. For example, the use of title insurance
together with a Quit Claim Deed can be very effective for the Buyer
and often, just as effective as the Grant Deed. |
| Promissory
Note |
A "Promissory Note"
is a contract which states that money is loaned to a Borrower and
that the Borrower agrees to pay the Lender back under certain terms
and conditions. |
| Deed
of Trust |
A "Deed of Trust" is
California's version of a mortgage. It is the companion to the Promissory
Note in most real property loan transactions in California. Most financial
institutions will require that a Borrower using real estate as collateral
for a loan sign both a Note and a Deed of Trust for a loan. The Note
is given to the Lender. The Deed of Trust is "recorded" with the County
Recorder of the county where the property is located. The Deed of
Trust effectively goes on record title of the property and typically
remains there until the property is sold, the loan is refinanced,
the loan is foreclosed, or the loan is paid off. If the Borrower does
not make the payments on the Promissory Note, the Lender can "foreclose"
the Deed of Trust and sell the Borrower's property to satisfy the
loan. |
| Deed
of Reconveyance |
The "Deed of Reconveyance"
document is used when a loan is paid off or refinanced. This document
is important to clear title to a property. |
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