California as a Lien Theory and Title Theory State

Chapter 12 (pgs 160-166) This chapter backs off the main characters the Joads, however it describes highway 66 the main migrant road. It stretched and curved across the country from Mississippi to Bakersfield California. The narrator of this chapter speaks from the voice of immigrant tenant farmers in general. Throughout the chapter their worries and hopes from a new life in California were voiced. Their main worry was that California would not be big enough to accommodate the growing influx.

Investors often find lenders ' requirements for title seasoning an obstacle to selling their properties. Holding costs and declining market value can eat into profits. Leaving a house vacant can make it a target for vandalism. So... What is title seasoning? This refers to the length of time a person 's name has been on the title document recorded on a piece of real estate. Lenders ' underwriting guidelines vary as to how long a person 's name must be on title for a purchaser to buy an investor 's home or for the investor to refinance the property and cover his costs to rehab it. Why did lenders institute the title seasoning requirement? Can we say mortgage fraud? The scenario goes like this: Crook #1 buys a house for $100,000 in Week 1 and sells it to Crook #2 for $150,000 in Week #3. Crook #2 has his sister, brother-in-law, cousin Marvin appraise the property for $200,000 in Week #5 and in Week #6 sells it to Clueless Buyer who is so afraid of being priced out of a rapidly escalating housing market that she pays him a $25,000 premium over his asking price just to stay out of a bidding war. Problem is, Clueless Buyer is often a figment of some hot shot creative loan broker 's imagination trying to score a commission, points on the loan or the yield spread premium from the lender. After a few hundred of these scenarios, lenders wised up and wanted to believe they could stop property flipping (which is not illegal). Hey, it worked great - right up until about 2003. This is

The mortgage lender’s claim to the property has priority according to both chapters. However, it looks like chapter 13 discusses debt workout plans for the borrower. Which in turn may cause delays to foreclosure. In turn, increasing costs for the lender and possibly causing the property value to decrease due to neglect.

The original G.I. Bill was signed into law in 1944, under the name Serviceman 's Readjustment Act. After WWI, millions of veterans returned home, only to face massive unemployment and a recession. After WWII, twice as many veterans would return to similar issues if nothing was done. With the chance of another recession looming, legislators created the Serviceman 's Readjustment Act. The act, which became known as the G.I. Bill, provided $500(about $6,757 today) to veterans

The GI Bill gave all returning veterans the freedom and opportunities that non-veterans had, and provided them with many benefits needed to live the American dream. The GI Bill gave the United States veterans education. It also provided VA hospitals with veteran benefits. The law also made a possible loan of billions of dollars to purchase homes for millions of veterans.The G.I Bill gave opportunity to pursue formal education which a lot of veterans did since education was pretty much paid for. In the short run, many colleges and universities were seriously jeopardized. In the late 1940's veterans bought homes in many of the new suburbs for $8,000 with no down payment required.

The Department of Veterans Affairs is a government run program to assist the U.S. Veterans who are disabled soldiers. It began when the Pilgrims passed a law that required disabled soldiers to receive benefits from the colony, as early as 1636 (U.S. Dept. of VA, 2014). By 1776, the Continental Congress provided pensions to disabled soldiers during the Revolutionary War. Later, the Veterans assistance program expanded to include benefits and pensions not only for Veterans but also for their widows and dependents. Finally, the Veterans Health Administration (VHA) was established in 1865, to form the National Home for Disabled Volunteer Soldiers, an institution

The cornerstone of the VA Home Loan programs is the veterans right to entitlement. The basic definition of entitlement is a dollar amount the Veterans Administration promises to pay back if the loans go into default, which is known as

The key point of contention in this scenario is the quitclaim deed with which Julio Gazpacho attempted to convey ownership of the easement to his neighbors, Ruben and Regina Gomez, because contrary to popular public belief, quitclaim deeds have at best a tenuous legal status within the state of Texas. In this case, rather than utilize a proper warranty deed to legally transfer title of ownership to the easement, Mr. Gazpacho elected to use a quitclaim deed that Texan legal precedent has universally deemed to be invalid. According to the landmark decision made in Diversified, Inc. v. Hall, "a quitclaim deed conveys any title, interest, or claim of the grantor in the real property, but it does not profess that the title is valid nor does it contain any warranty or covenants of title. Thus, a quitclaim deed does not establish title in the person holding the deed, but merely passes whatever interest the grantor has in the property" Diversified, Inc. v. Hall, 23 S.W.3d 403 (Tex. App.- Houston [1st Dist.] 2000, pet. denied). The fact that the only claim to title on the easement held by Ruben and Regina Gomez is made through the fundamentally flawed legal device of the quitclaim deed is crucial to properly deciding this case.

The book, California Politics and Government: A practical Approach, helps students understand the government and politics. It describes the principles used in the state government and the relevance of these to the nowadays students and the future ones. The book has clear examples and explanations that help the students understand the California politics. It includes budgetary politics and policies, California law and court cases, government regulations, policymaking and elections in terms of political parties and interest groups. It addresses the economic, educational, immigration and social issues and theireffecton the politics. Students are able to familiarize with the public policy coverage; hence, make a connection between the effects and practical applications of legislation and the government.

The U.S Department Veteran’s Affairs (VA) provides a wide range of benefits for our service members, veterans and their families. Some of these benefits include but are not limited to include compensation, disability, education, and home loans. Throughout this paper I will discuss these benefits and the eligibility required to receive them. Eligibility for most VA benefits is based on type of discharge received through the military which is normally all discharges under other than dishonorable conditions.

The California Postsecondary Education Commission was granted puissant duties and powers in 1974, after replacing the Coordinating Council for Higher Education (Education Commission of the States, 2016). The commission does not serve as a governing board but as an advisory committee to the House of Representatives, governor, and higher education institutions, with matters paramount to education policies (Education Commission of States, 2016). The commission holds the authority to review state public and private higher education institutions financial records, budgets, academic programs and provide recommendations for campus expansions. However, the primary function of the commission is to coordinate practices that prevent redundancy within the education divisions (Education Commission of States, 2016). The focus of the commission is driven by the state’s strategic work plan, for which goals are established targeting institutional areas of concern.

(Spring, Texas) A VA Loan offers numerous benefits to those who are currently serving our country in the armed forces or those who have done so in the past. The VA home loan program offers no down payments, limitations on how much a buyer can be asked to pay in closing costs, no monthly mortgage insurance premiums and a property value appraisal. When the loan is used to purchase a new home, inspections take place at various stages of the process and the builder must provide a one year warranty. Financial counseling and personal loan servicing are two features of this program also. Once a person answers what is a VA home loan, he or she understands why many choose this financing option.

California, a state loved for its fabulous warm weather and vast doors of opportunities. The state captivates people by its beauty, but also the chance to a prosperous future. A quality of lifestyle CA promises, its vast landscapes, a place where big industries have grown, and Hollywood where the brightest stars shine. These are a few points that make California great. There are plenty who immigrate to this state, most seeking that long cherish dream. A dream fueled by desire in order to surpass current limitations and reach individual happiness. The state of California welcomes everyone with open arms, for those seeking California as their new home. James J. Rawls, a history professor at Diablo Valley College; discusses the beauty of California, but in “California-A place, A people, A dream” he also demonstrates the dark truth of CA hides, which he calls California paradoxes (Rawls). Here is where the paradox of growth comes into play on his writing. This has led to many problems over CA long course of history.

Mortgage lending is a major sector with the United States financial market today. “The modern mortgage has only been around since the 1930s, but the idea of a mortgage has been around for a lot longer.” (History of Mortgages, 2016) The literal meaning of the word ‘mortgage’ has Latin roots: ‘mort’ or death and ‘gage’ or pledge. Translated it supports “the idea that the pledge died once the loan was repaid, and also the idea that the property was ‘dead’ (or forfeit) if the loan wasn’t repaid.” (History of Mortgages, 2016) A mortgage is an agreement for the terms of your home loan, technically not the home loan itself. Real estate transactions require written documentation and this is the purpose of a mortgage.

Analysis: But sometimes buying a house isn’t the best choice. It’s a long-term commitment that requires the homeowner to have a stable and secure job. If you default on your mortgage, for example being late on your payments or even missing payments the mortgage lender can take your home away. Then the lender can sell your home resulting as a foreclosure. Foreclosure also affects your credit making it harder or almost impossible to purchase a house in the future.