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Effective January 1, 2016, AB 139 provides for a non-probate transfer of real property by use of a revocable Transfer on Death Deed (“RTOD” for short). Because of its recent adoption in the state, it is not possible to say how the RTOD will be regarded by title insurers. Below is some general information about an RTOD.

The grantor in an RTOD is known as a Transferor. The grantee is known as a Beneficiary. An RTOD takes effect only upon the death of the Transferor. During the life of the Transferor, an RTOD has no effect, and the Beneficiary holds no interest.

There's plenty of free sunshine and by all reports, the solar energy business is booming. More and more people are installing equipment for the generation of solar energy on their homes and other buildings. Although some owners purchase the equipment outright, many others enter into leases or other arrangements.

The California Association of Realtors Residential Purchase Agreement (RPA) requires sellers and buyers to meet several specific deadlines during the closing process.  

It is imperative that real estate agents provide seller and buyer contact information to Escrow at the opening of escrow so that required forms typically handled through escrow can be sent out at opening. Getting them out timely will assist the parties in meeting the deadlines set out in the RPA.