Alameda California Auction of Real Property Agreement is a legally binding document that outlines the terms and conditions for the sale of real estate through an auction process in Alameda, California. This agreement is designed to protect the rights and interests of both the buyer and the seller involved in the auction. The Alameda California Auction of Real Property Agreement typically includes key details such as the property description, auction date, terms of sale, conditions of the property, bidding procedures, payment terms, and closing process. It also specifies the responsibilities and obligations of both the buyer and the seller during the auction process. There are different types of Alameda California Auction of Real Property Agreements, which cater to specific types of real estate auctions. Some common variations include: 1. Foreclosure Auction Agreement: This type of agreement is used when a property is being sold at auction due to foreclosure by the lender. The agreement highlights the rights and responsibilities of both the lender and the interested buyers. 2. Tax Lien Auction Agreement: In cases where the property owner has failed to pay their property taxes, the local government may hold a tax lien auction to recover the owed amount. This agreement governs the sale of properties in such auctions. 3. Estate Auction Agreement: When a property is being sold through an auction as part of an estate settlement or probate process, this agreement establishes the terms and conditions. 4. Bankruptcy Auction Agreement: This agreement comes into play when a bankrupt individual or entity's property is being liquidated through an auction to repay outstanding debts. It outlines the auction process and the distribution of proceeds to creditors. 5. Public Auction Agreement: This type of agreement covers auctions that are open to the public, where anyone can bid on the property. It typically includes provisions regarding bidder qualifications, minimum bid requirements, and any warranties or guarantees. In summary, an Alameda California Auction of Real Property Agreement is a crucial legal document that establishes the terms and conditions for the sale of real estate through an auction process in Alameda, California. It ensures a fair and transparent transaction for both the buyer and the seller, and serves as a guideline for conducting auctions of different property types, such as foreclosures, tax liens, estate settlements, bankruptcies, and public auctions.
Alameda California Auction of Real Property Agreement
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In addition to the basic recording fee of $89.00 for the first page and $3.00 for each page thereafter, there are other fees which may be due on deeds and leases. Collection of fees include: Documentary Transfer Tax.
In Alameda county, the seller is typically responsible for the country transfer tax fee as well as 50% of the city transfer taxes. The buyer pays for the recording, escrow, title and 50% of the city transfer taxes.
In California, there are several ways to record real estate documents:In-person submission. Under this option, a person or his messenger service may visit the county recorder's office to submit the recording over the counter.Mail-in recording.Use of a title company or attorney courier service.
In Alameda County, the cities of Oakland and Berkeley both have high city transfer tax of $15 for every thousand dollars of purchase price. For the same $200,000 home listed above, there is an additional $3,000 tax if the home is in Oakland or Berkeley.
In addition to the basic recording fee of $89.00 for the first page and $3.00 for each page thereafter, there are other fees which may be due on deeds and leases. Collection of fees include: Documentary Transfer Tax.
When the owner or owners want to make changes to the ownership of real estate, they must file (record) information about the change with the County Recorder's Office. The document is recorded in the County office where the property is located. This action will place the information into the official public record.
Record the deed at the Alameda County Clerk-Recorder's Real Property Recording Office along with a Preliminary Change of Ownership Report (PCOR.)
Come to the Clerk-Recorder's Office at 1106 Madison Street, Oakland, CA. Directions and Office Hours.You will be asked to complete and sign a written application.Our office staff will attempt to locate the marriage certificate you have requested.
How to Calculate Fees for Documents Subject to the Standard Fees. Calculate the standard fee of $25.00 (this fee includes the $10.00 Real Estate Fraud Prevention Fee per GC 27388) for the first page and $3.00 for each additional fee. Review the Additional Fees to determine which additional fees and taxes apply.