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How to fill out the CA RE 851A online
The CA RE 851A form, also known as the Lender/Purchaser Disclosure Statement, is crucial for those involved in loan origination in California. This guide provides clear, step-by-step instructions to help users fill out the form accurately and efficiently online.
Follow the steps to successfully complete the CA RE 851A form online.
- Press the ‘Get Form’ button to access the CA RE 851A form and open it in your preferred editor.
- Begin with Part 1 by entering the broker information, including the name and license ID of the broker, along with the business address and contact telephone number.
- In Part 2, indicate the broker's capacity in the transaction by checking the relevant boxes. Provide any necessary explanations if more than one option is selected.
- Proceed to Part 3 to outline the transaction information. Fill in the term of the loan, interest rate, principal amount, and other relevant details as specified.
- Complete Part 4 if applicable, especially for multi-lender transactions. Include the name and anticipated closing date of the escrow holder, along with estimated costs.
- In Part 5, address servicing arrangements, checking the appropriate boxes and providing the name and contact details of the servicing agent if applicable.
- Move to Part 6 to provide borrower information. Include names, addresses, occupations, income sources, and expenses for both the borrower and co-borrower.
- In Part 7, describe the property offered as security for the loan. Provide the street address and tax information as needed.
- Complete Part 8 by providing appraisal information, including the fair market value of the property and details regarding the appraiser.
- In Part 9, fill out the encumbrance information related to the property, including any senior encumbrances and payment history.
- In Part 10, calculate the loan-to-value ratio based on the information provided throughout the form. Make sure to double-check all calculations.
- Finally, review all sections for accuracy, make any necessary adjustments, and save the changes. You may also download, print, or share the completed form as needed.
Complete your CA RE 851A form online with confidence, ensuring all information is accurate and up-to-date.
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Sellers who qualify for exemptions under CA RE 851A, such as those involved in foreclosure sales or certain estate transactions, do not have to provide a transfer disclosure statement. Additionally, sellers who are not individuals, like corporations or banks, may also be exempt. Being aware of these exemptions helps sellers streamline the selling process. For personalized guidance, consider leveraging the US Legal Forms platform to navigate your specific situation.
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