What is California Proposition 13? In the 1970s property tax hikes were completely out of control. Working class and middle class families were losing their homes because they could no longer afford to make their mortgage payments with the rapidly … Continue reading
Recently PropertyTaxNews.org conducted an interview with Commercial Loan Corporation Trust & Estate Loan Account Executive Thad Farrell on the benefits of California Proposition 19 and a loan to an irrevocable trust. Here are some of the highlights from that trust … Continue reading
As many Californians are aware, a home undergoes reassessment at “ current market value” if it’s transferred, inherited, sold or gifted from one party to another – and, in turn, taxes on the property often increase significantly providing additional revenue … Continue reading
A trust loan is commonly used to facilitate an equal distribution to the beneficiaries of an irrevocable trust. This is typically done in order to take advantage of the California Proposition 19 Parent to Child Property Tax Transfer which allows … Continue reading
Recently there has been debate in California if Proposition 13 and Proposition 58 still make sense. Without hesitation, the answer is yes. In June of 1978, California voters passed Proposition 13 with 65% of the total vote. Still, to this … Continue reading
Matters pertaining to Trusts and Estates can be complicated, especially if you are unfamiliar with the terminology. The following is a glossary of terms that are commonly used in Trusts and Estates and loans made to trusts. Administration: Trust administration … Continue reading
Trust Loans in California We are a California lender that specializes in trust loans to assist beneficiaries, administrators, fiduciaries and trustees. We are one of only a few California lenders that provide trust loans to irrevocable trusts. We work directly … Continue reading
California Proposition 13 information and resources. Continue reading
What is Proposition 58? Continue reading
We are a California lender that specializes in providing loans to Trusts & Estates for customers who are inheriting a home from a parent. Our loans provide the cash needed to allow each beneficiary, heir or sibling to receive an … Continue reading