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  • June 3, 2010 at 9:42 PM #560369
    patb
    Participant

    you could do lease to purchase…

    June 3, 2010 at 10:03 PM #559396
    bearishgurl
    Participant

    Yes, this is true, patb, but in a “lease-option,” the property would remain in the name of the lessor. When/if the lessee exercised his/her option, the lessor would have to file a Change of Ownership Stmt. with the Co. Assessor, along with the Grant Deed to conveying the property to the lessor. And that is the time the lessee would lose the Prop. 13 entitlement, unless he was a qualified relative of the lessor.

    June 3, 2010 at 10:03 PM #559498
    bearishgurl
    Participant

    Yes, this is true, patb, but in a “lease-option,” the property would remain in the name of the lessor. When/if the lessee exercised his/her option, the lessor would have to file a Change of Ownership Stmt. with the Co. Assessor, along with the Grant Deed to conveying the property to the lessor. And that is the time the lessee would lose the Prop. 13 entitlement, unless he was a qualified relative of the lessor.

    June 3, 2010 at 10:03 PM #559995
    bearishgurl
    Participant

    Yes, this is true, patb, but in a “lease-option,” the property would remain in the name of the lessor. When/if the lessee exercised his/her option, the lessor would have to file a Change of Ownership Stmt. with the Co. Assessor, along with the Grant Deed to conveying the property to the lessor. And that is the time the lessee would lose the Prop. 13 entitlement, unless he was a qualified relative of the lessor.

    June 3, 2010 at 10:03 PM #560098
    bearishgurl
    Participant

    Yes, this is true, patb, but in a “lease-option,” the property would remain in the name of the lessor. When/if the lessee exercised his/her option, the lessor would have to file a Change of Ownership Stmt. with the Co. Assessor, along with the Grant Deed to conveying the property to the lessor. And that is the time the lessee would lose the Prop. 13 entitlement, unless he was a qualified relative of the lessor.

    June 3, 2010 at 10:03 PM #560378
    bearishgurl
    Participant

    Yes, this is true, patb, but in a “lease-option,” the property would remain in the name of the lessor. When/if the lessee exercised his/her option, the lessor would have to file a Change of Ownership Stmt. with the Co. Assessor, along with the Grant Deed to conveying the property to the lessor. And that is the time the lessee would lose the Prop. 13 entitlement, unless he was a qualified relative of the lessor.

    June 3, 2010 at 10:35 PM #559406
    jpinpb
    Participant

    Maybe the owner of the house can adopt? Just trying to think outside the box. Must be some loophole.

    June 3, 2010 at 10:35 PM #559508
    jpinpb
    Participant

    Maybe the owner of the house can adopt? Just trying to think outside the box. Must be some loophole.

    June 3, 2010 at 10:35 PM #560005
    jpinpb
    Participant

    Maybe the owner of the house can adopt? Just trying to think outside the box. Must be some loophole.

    June 3, 2010 at 10:35 PM #560108
    jpinpb
    Participant

    Maybe the owner of the house can adopt? Just trying to think outside the box. Must be some loophole.

    June 3, 2010 at 10:35 PM #560387
    jpinpb
    Participant

    Maybe the owner of the house can adopt? Just trying to think outside the box. Must be some loophole.

    June 3, 2010 at 11:43 PM #559421
    bearishgurl
    Participant

    I meant . . . “conveying the property to the lessee” . . . lol!

    jpinpb, your idea is legal. One can adopt and then leave their Prop. 13 eligible property to their “adopted” heir 🙂

    June 3, 2010 at 11:43 PM #559523
    bearishgurl
    Participant

    I meant . . . “conveying the property to the lessee” . . . lol!

    jpinpb, your idea is legal. One can adopt and then leave their Prop. 13 eligible property to their “adopted” heir 🙂

    June 3, 2010 at 11:43 PM #560019
    bearishgurl
    Participant

    I meant . . . “conveying the property to the lessee” . . . lol!

    jpinpb, your idea is legal. One can adopt and then leave their Prop. 13 eligible property to their “adopted” heir 🙂

    June 3, 2010 at 11:43 PM #560122
    bearishgurl
    Participant

    I meant . . . “conveying the property to the lessee” . . . lol!

    jpinpb, your idea is legal. One can adopt and then leave their Prop. 13 eligible property to their “adopted” heir 🙂

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