Contra Costa California Letter in Lieu of Transfer Order Directing Payment to Lender is a legal document that allows individuals to transfer the ownership of a property to a lender in lieu of making payments or to satisfy outstanding debts. This letter serves as a notice to the lender, informing them of the borrower's intentions to transfer the property and directing them to apply the proceeds from the sale towards the outstanding loan balance. There are a few different types of Contra Costa California Letter in Lieu of Transfer Order Directing Payment to Lender that can be utilized, depending on the specific circumstances: 1. Standard Letter in Lieu of Transfer Order: This is the most common type of letter used when a borrower cannot meet their mortgage obligations and chooses to transfer the property to the lender instead. It outlines the borrower's financial situation, reasons for inability to make payments, and provides authorization for the lender to proceed with the transfer. 2. Voluntary Conveyance Letter in Lieu of Transfer Order: In some cases, a borrower may voluntarily decide to transfer the property to the lender to avoid foreclosure or other legal actions. This type of letter is utilized to initiate the conveyance process, where the borrower formally relinquishes their ownership rights and instructs the lender to handle the property's transfer. 3. Distressed Property Letter in Lieu of Transfer Order: When a property is under significant financial distress, and the borrower is unable to make payments, this type of letter is used. It highlights the dire financial situation, provides a detailed explanation of the property's value, and instructs the lender to accept the property as payment in full satisfaction of the debt. 4. Contra Costa California Letter in Lieu of Transfer Order for Second Lien: In cases where a borrower has multiple liens on a property, such as a first and second mortgage, a specific type of letter is required to address the second lien holder. This letter notifies the second lien holder of the borrower's intention to transfer the property to the first lien holder and directs them to release their claim on the property. Overall, the Contra Costa California Letter in Lieu of Transfer Order Directing Payment to Lender is a legal tool that enables borrowers to transfer their property to lenders as a means of addressing outstanding debts or the inability to make mortgage payments. Depending on the specific situation, different types of letters can be utilized to effectively convey the borrower's intentions and initiate the property transfer process.
Contra Costa California Letter in Lieu of Transfer Order Directing Payment to Lender
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All represented parties in case types subject to e-filing must e-file as of July 5, 2022. E- filing will be optional beginning June 20, 2022. Must self-represented litigants e-file? No, self-represented litigants are exempt from mandatory e-filing.
Contra Costa mandates eFiling in its cases that are deemed complex, but not before an Order Authorizing Electronic Service is issued by the Judge. That Order is generally not issued before the first Case Management Conference.
Pursuant to Local Rule 3.27 the civil division is implementing mandatory electronic filing (e-filing) for attorneys and providing the option of e-filing to self-represented litigants.
California counties that allow intercounty base value transfers: Alameda, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, Tuolumne, and Ventura. Since these counties are subject to change, we recommend you contact the county to which you wish to move to verify eligibility.
Civil Cases (Limited and Unlimited) All civil case documents are only filed in the Wakefield Taylor Courthouse in Martinez. Note: Limited Civil documents can be dropped off in the branch courts but they will not be filed there.
Orders (form FL-306) (b) Either party may request a continuance of the hearing, which the court shall grant on a showing of good cause. The request may be made in writing before or at the hearing or orally at the hearing. The court may also grant a continuance on its own motion.
Real Estate Transfer Tax: Total: $1.10/per $1,000 property value (comprised of City Rate: $0.55/per $1,000 property value plus County Rate: $0.55/per $1,000 property value).
You pay a $435-$450 filing fee. If you can't afford the fee, you can ask the court to waive it. The clerk will give you a date when a judge will make a decision.
Purchasers of property at the tax sale must also pay a Documentary Transfer Tax on the amount of the bid. The tax is based on the rate of $. 55 for each $500 or fractional part of each $500 when the bid exceeds $100.
Please email your question to Dept. 7 at dept07@contracosta.courts.ca.gov or fax your question to Dept. 7 at (925) 608-0694.