Update on H.R. 3370 The Homeowner Flood Insurance Affordability Act of 2013

As we previously reported, on March 4, 2014 the House of Representatives passed H.R. 3370, granting relief to homeowners from skyrocketing government sponsored flood insurance. The Bill was then sent to the Senate for review and a vote. On March 13, 2014, the United States Senate approved the Bill by a 72 to 22 vote, […]

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Seller’s Disclosure Obligation Further Expanded

Sellers of single-family residential real property in California are required by law to provide a real estate transfer disclosure statement, with certain limited exceptions. The contents of this disclosure are specificed by law. (California Civil Code, Section 1102.) Beginning July 1, 2014, a seller’s disclosure obligation in connection with the sale of a single-family (one […]

Adjoining Landowners

Under California law, adjoining landowners, those with properties contiguous or in contact with each other, share equally the responsibility for maintaining boundaries and monuments between them. Adjoining landowners are actually presumed to share an equal benefit from any fence dividing their respective properties, and unless otherwise agreed in writing, are also presumed to be equally […]

Good News for Homeowners Requiring Flood Insurance

On March 4, 2014, the United States House of Representatives, in a 306 to 91 vote, passed H.R. 3370 aimed at scaling back the grossly escalated premiums for government-sponsored  flood insurance.  Supporters of the legislation applaud this action saying it will stem the effects of the ill-conceived increase in premiums and reinvigorate real estate markets […]