All Forum Posts by: Chris Thompson

So the condition of the property has been altered mid escrow.

We are in escrow to buy 3.5 acres land only. And a neighbor trespassed and illegally graded part of the land to divert the flow of water away from his property. Seller doesn’t want to deal with this and has sent us a Notice to Perform. Police report and code enforcement have been notified.

Do we have any other options 

I feel the seller should restore the land as close to original as when we signed to open escrow.

Thought please.

Sales Price $350,000

Profit after everything is $40,000

California Form 593 is gives me the option to withhold 3 1/3% of Total Sales Price

Or

12.3% of Gain on Sale

Has anyone purchased a Meth Contaminated Property in California? If so please share your experience.

Does applying for a heloc affect your property Taxs in California? The reason I ask is because purchase price was $345,000 cash and about a year later after rehab value is around $500,000. After they appraise the home when applying  for a heloc will the new value be reported to the county  tax assessor for an increase in property taxes? Thanks in advance