Attorney Search Network can help you find Orange County real estate lawyers and law firms who
have experience and expertise in dealing with all sort of
real estate issues and are committed to providing the highest
quality of competent legal representation. If you are looking for qualified Orange County Lawyers, contact us today at (800)
215-1190 or fill out our Find
an Orange County Lawyer form. The right real estate
lawyer in Orange County can make all the difference.
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.
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 Orange County real estate law:
Mortgage
(Covered in Real Estate Law)
A mortgage is a document in which the owner guarantees a title
to real property 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 property 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 property 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 Orange County Real Estate lawyers
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 help possible.
To get referred to qualified Orange County Real Estate lawyers
CALL US at (800) 215-1190
or fill out our
FIND AN ORANGE COUNTY LAWYER FORM
