Understanding Mello-Roos

In purchasing your new home, your future monthly payments will be made up of principal, interest, real property taxes and insurance, but what is the tax for the Community Facilities District, otherwise known as a Mello-Roos District?

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Understanding Power of Attorney

A power of attorney (POA) is a document that allows you to appoint a person or organization to manage your affairs if you become unable to do so. However, all POA’s are not created equal. Each type gives your attorney-in-fact (the person who will be making decisions on your behalf) a different level of control.

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Understanding Probate

Everyone has a will or plan, whether created or by default. Even if you have not made out a will or a trust, you still have a plan, a plan dictated by the laws of the state where you reside upon your death. Making a will is not a way to avoid “probate”. It’s the court procedure that changes the legal ownership of your property after your death. Probate makes sure it is your last valid will; it appoints the executor named in your will and supervises the executor’s work.

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Understanding Title Insurance

The purchase of a home is one of the largest investments you will ever make. You and your mortgage lender will want to
make sure the property is indeed yours and that no one else has any lien, claim or encumbrance on your property.

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Geographic Targeting Order Colorado

Geographic Targeting Order

The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTOs) that require U.S. title insurance companies to identify the natural persons behind companies used in specific “covered” transactions for purchases of residential real estate. Read more here on the new Geographic Targeting Order!

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