California Pay Property Within 5 Days
Description
How to fill out California Notice Of Default In Payment Of Rent As Warning Prior To Demand To Pay Or Terminate For Residential Property?
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FAQ
Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld. If this is an installment sale payment after escrow closed, the buyer/transferee is the responsible person.
The default initiates a 5-year waiting period for residential properties and 3-year waiting period for non-residential commercial properties. During this time, the delinquent taxes, interest, and penalties are accumulating until they are all redeemed.
During escrow, the remitter would be the REEP as they are the one submitting the payment and Form 593. The remitter is the person who will remit the tax withheld on any disposition from the sale or exchange of CA real estate and file the prescribed forms on the buyer's/transferee's behalf.
The measure would close the ?Lebowski Loophole? (named after an actor in The Big Lebowski who pays very low property tax on a Malibu property his parents purchased in the 1950s). Under this measure, only heirs who use the home as a primary residence would be able to transfer a property tax assessment.
Respond to the eviction case by filing a written response with the court very quickly. This means you're going to participate in the lawsuit and fight the eviction. Talk with your landlord and try to come up with an agreement where you can stay in your home.