InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] All correct.. Posted by Ward-CA- on May 13, 2003 at 7:51 PM In Reply to: PCOR questoins........ posted by zachary on April 21, 2003 at 10:34 AM : Ward, : Ok, so i found a PCOR form and it states that it can be used in all 58 CA counties so i'm ok there.... : A few questions on how to fill it out: : 1. Seller/Transferor: This would be "Sammy Seller" as appears on orginal deed, right? : 2. Buyer/Transferee: This would be "My entity, as trustee of Seller trust, dated 04/21/03".......right?? : 3. Under part 1: Transfer Information : It looks like we would check one of "H" check boxes: : My guess would be #2 under "H" which states "to trust revocable by transforer".......is this right? : 4. when signing the document as the "new owner/corporate officer" would it be signed: "me as officer for my entity, trustee of seller trust, dated 04/21/03"?? : 5. Also it doesn't look like the PCOR needs to be notorized. : the usual rule of recording documents is: "Documents affecting title to real property must be properly acknowledged." : Even though this form doesn't actually transfer title does it still need to be notorized? : : thanks for the help!! : Zachary ========================== Zach, You got all 5 questions correct. And no, the PCOR isn't recorded. It doesn't affect title of property in any way. It's just for the county assessor's office. Helps them figure out what people paid for property. Important for the accuracy of the assessment rolls. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Ok, so i found a PCOR form and it states that it can be used in all 58 CA counties so i'm ok there.... : : A few questions on how to fill it out: : : 1. Seller/Transferor: This would be "Sammy Seller" as appears on orginal deed, right? : : 2. Buyer/Transferee: This would be "My entity, as trustee of Seller trust, dated 04/21/03".......right?? : : 3. Under part 1: Transfer Information : : It looks like we would check one of "H" check boxes: : : My guess would be #2 under "H" which states "to trust revocable by transforer".......is this right? : : 4. when signing the document as the "new owner/corporate officer" would it be signed: "me as officer for my entity, trustee of seller trust, dated 04/21/03"?? : : 5. Also it doesn't look like the PCOR needs to be notorized. : : the usual rule of recording documents is: "Documents affecting title to real property must be properly acknowledged." : : Even though this form doesn't actually transfer title does it still need to be notorized? : : : : thanks for the help!! : : Zachary : ========================== : Zach, : You got all 5 questions correct. And no, the PCOR isn't recorded. It doesn't affect title of property in any way. It's just for the county assessor's office. Helps them figure out what people paid for property. Important for the accuracy of the assessment rolls. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455