Doing your "Due Diligence" ...ahhh one of most crucial, if not thee most important processes of Investing. Some investors will tell that doing your due diligence online is probably the best researching tool available. And this is very true, but there is only one slight problem, not all area's,counties and states offer online searches for property tax rolls. When needing to find owner's , how much the property cost, tax value's,purchased date and other economical importance's, thank goodness for the good o'l registrar and county records division of each area. If you are in lieu of due diligence here are a few methods that may help you with your searches:

Tax Records - visit your local tax assessors building
Code Violations & Condemned list- this list can be obtained from code violation officials, law enforcement offices and as I found out the city attorney's office.
Compare sales of other properties sold in the area- county records, do your own drive by, only after you have learned the process to establish value yourself,
Flood Zones - county records
Lien searches - title companies and county assessor's
Appraisal reports/ certifiable
Property Inspections / licensed property inspector
Property Finance's
Federal Tax Liens / Title Companies
State Tax Liens / Attorney's
Attorneys / City Attorney's

As a reminder, keep in mind that these methods are only a number of searches that must be done along with many more, we will bring you more articles and posting's concerning this practice. If you have a question about D.D., feel free to email us and we will post a response that will lead you in the right direction.

Reduce your risk and "Due Your Diligence" !

Greg Hernandez

Double Closings and Assignments

You are who You Are !

If you think you are beaten, you are,

If you think you dare not, you don't

If you like to win, but you think you can't,

It is almost certain you won't.

If you think you'll lose, you're lost

For out of the world we find,

Success begins with a fellow's will—

It's all in the state of mind.

If you think you are outclassed, you are,

You've got to think high to rise,

You've got to be sure of yourself before

You can ever win a prize.

Life's battles don't always go

To the stronger or faster man,

But soon or late the man who wins

Is the man WHO THINKS HE CAN!

Word of the Day

Term of the Day

equity

Ownership interest in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder's equity ornet worth or book value. In real estate, it is the difference between what a property is worth and what the owner owes against that property (i.e. the difference between the house value and the remaining mortgage or loan payments on a house). In the context of a futures trading account, it is the value of the securities in the account, assuming that the account is liquidated at the goingprice. In the context of a brokerage account, it is the net value of the account, i.e. the value ofsecurities in the account less any margin requirements.

California Real Estate Law

Real Estate Law has been around for many,many years and is one of our oldest laws. It has been changed and updated and will continue to do so ,as long as Real Estate Applies. Old and newer concepts of real estate arise and so will NEW LAWS . This link will give you some good summaries on California Real Estate Law,along w other worthful content to read.follow link

http://www.weblocator.com/attorney/ca/law/c22.html#cac220000

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