Borrowing For Commercial Property In Contra Costa

State:
Multi-State
County:
Contra Costa
Control #:
US-00068
Format:
Word; 
Rich Text
Instant download

Description

These consent minutes describe certain special actions taken by the Board of Directors of a corporation in lieu of a special meeting. It is resolved that the president of the corporation may borrow from a bank any sum or sums of money he/she may deem proper. The minutes also state that the bank will be furnished with a certified copy of the resolutions and will be authorized to deal with the officers named within the document.

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FAQ

The County Ordinance requires that you obtain a license for conducting business within the unincorporated areas, - even if your business is located outside our limits or you have a business license from another city.

If you own and occupy your home as your principal place of residence on January 1, you may apply for an exemption of $7,000 off your assessed value for an annual savings of approximately $70 on your property taxes. New property owners will automatically receive an exemption application.

Documents are recorded within two (2) business days of receipt of the document. The average turnaround time for a document submitted for recording is 30 days.

You must occupy the dwelling as your principal residence as of January 1 of each year to qualify for the Homeowners' Exemption for that year.

Declaration of Homestead – A document recorded by either a homeowner or head of household on his primary residence to protect his home from forced sale in satisfaction of certain types of creditors' claims. Decree of Distribution – Evidences the distribution of real property from the estate of a deceased person.

A homestead declaration protects your home's equity from both to forced and voluntary sales of the property. Exempt proceeds from a voluntary sale are protected if another home is purchased within 6 months.

LLCs are started at the state level, and there is no credit check involved. All you need to do to form an LLC is submit the appropriate state formation documents (usually called Articles of Organization) and filing fees to your state's Secretary of State.

Typically, the tenant pays the equivalent of one month's rent to the landlord when signing a lease. This covers any incidental costs, damages or missed rent payments in the event of a lease default.

More info

FCTD is one of Contra Costa County's top hard money lending choices, providing short-term bridge loans, construction, and investment financing. Choose the Contra Costa hard money lenders at californiahardmoneydirect.Net to give you the capital you need to seal that deal or flip that piece of property. The first step in the loan process is to contact one of our knowledgable mortgage professionals to determine your mortgage eligibility. The County Clerk-Recorder's Office maintains real property records back to 1849. You may search our online index back to 1986. We can help finance most property types, call today . Chicago Title Alameda Contra Costa. Yes, both of the loans offered through the program are secured through an encumbrance (lien) on your property's title (similar to a second mortgage). We can help finance most property types, call today .

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Borrowing For Commercial Property In Contra Costa