The professionals that you surround yourself with when purchasing a home all have a vested interest in your “closing the deal.” All the parties, including the broker, the mortgage salesperson, and the title company each get paid through commission. If each party is purchased this way, who is there to push the brakes and first ask if this is a smart decision? Or if the title is clean? How about if the financials make sense, or if there is an issue with the inspection that needs to be examined? Let the crucial role of the unbiased advisor be your attorney.
About Ajay Gupta
AJAY GUPTA, ESQ.
SENIOR ATTORNEY, FOUNDER
Entries by Ajay Gupta
As part of this year’s midterm elections, San Diegans will be confronted with two competing ballot measures focusing on what to do with the land surrounding the iconic SDCCU Stadium (formerly, Jack Murphy Stadium and Qualcomm Stadium). The first ballot measure is Measure E, otherwise known as “SoccerCity.” Measure E is sponsored by FS Investors, a privately held investment firm with offices located in La Jolla and San Mateo. The second ballot measure is Measure G, otherwise known as “SDSU West.” SDSU West is headed by a steering committee calling themselves “Friends of SDSU.” Friends of SDSU is made up principally of local San Diegans, as well as SDSU Alumni.
In June, the California Secretary of State confirmed Proposition 10 as a ballot initiative that, if passed, will allow cities in California to implement rent control. With the housing shortage in California, San Diego in particular, renters have seen dramatic increases in rent that quite simply have not kept up with the cost of living. As a result, San Diego is seeing gentrification in areas not normally associated with the displacement of middle- class renters, like La Mesa and the surrounding suburbs of downtown. This displacement is what is most likely bringing Proposition 10 to the ballots this November.
As many of you are aware, there are several changes to your taxes coming in 2018. We are, by no means, tax experts, but we have a number of people that come to us and have been asking questions. Aron Feiles, a seasoned CPA with Lauer, Georgatos & Covel has written two excellent summaries on the matter, one for individuals and one for businesses. Aron has also been helping us navigate some the more interesting tax nuances that have come up with the recent changes as they impact our practice.
The professionals you surround yourself with: the realtor, the mortgage company, the insurance company etc are each important, yet undoubtedly carry a biased interest in “closing the deal.” These partisan individuals are paid on commission, potentially coloring their judgment. Both parties in any transaction naturally want to close on terms favorable to themselves. However, an attorney’s fee is generally not based on either party’s results. Thus, the presence of counsel without a vested interest is highly beneficial. Our attorneys provide the useful legal, financial, and personal perspective to offer a fresh opinion on a transaction. We want to provide a completely competent party with a legal acumen–one not vested in merely closing on your side.
We are all familiar with the intimidating mountains of paperwork that accompany a real estate purchase, but understanding precisely what they mean is critical given the potential implications of closing such a major transaction.
Hard money loans do not deserve the seedy, or even criminal, reputation they have gained in the popular imagination. Though not ideal for all situations, they can provide specific advantages and are certainly not inherently predatory.
Studies show nearly 98% of all people who get sued for a credit card debt, take no action whatsoever. In doing so, collectors can get a default judgment against you. With that they can force payment from the debtor through wage garnishments, bank account levies, property levies, and other ways.
If you’re a Plaintiff in a civil matter, the ability to collect your judgment is probably the most important factor in deciding whether to invest in the litigation. There are steps that you can take to ensure that your stipulated judgments have a higher probability of surviving a bankruptcy by the Defendants.
A recent bill (SB 308) introduced by Senator Bob Wieckowski in the California State Senate proposes major improvements to current bankruptcy exemptions which, if enacted, have the potential to impact many Californians. Of the many changes that the new bill proposes, the most significant change involves the homestead exemption.