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Property Transfer to Family Member

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Sillicon Valley's Problems

September 12, 2013

It’s unbelievable that the most popular integrated technology industrial area, Silicon Valley, which is located in the southern San Francisco Bay Area, California have the serious problem. The problem is the homeless village nicknamed " The Jungle " . According to reports BusinessInsider at the end of August , " The Jungle " is the basis of most of the homeless people in an area of ​​26.3 acres . Because of the large and the number of homeless who occupy this area , where it even became the largest in United States .

"Homeless Village" adjacent to the city of Coyote Creek, San Jose is home to ex-prisoners, children, the elderly and mentally ill, and those who are desperate because they can
t access any life choice, all mingle here!

Ironically, Silicon Valley as the center of the
big companies such as Oracle, Facebook, and Google, as well as high-salaried employees and innovators, there are the places like "The Jungle". More pathetic, at a time when the number of U.S. homeless population has decreased over the last eight years as many as 130,000 people or 17 per cent, the number of homeless in Silicon Valley increased 8 percent.

Skyrocketing housing prices and inadequate employment is being blamed for this serious problem . This problem not limited to , as much as 40 percent of the homeless , according to the National Alliance on Mental Illness , has mental illness due to drug abuse .

This phenomenon is considered as a perfect storm for the homeless . Cutting the health budget by 21 per cent in 2009-2012 to make things worse . While the housing allocation is reduced , jobs were not adequate . Consequently , creating an increasingly wide gap between the rich and the poor .

BusinessInsider also reported many Silicon Valley residents are eager to sell his house for more than 1 million U.S. dollars. They choose to rent a smaller house , only contains 2 bedrooms , with a price of around 1,800 U.S. dollars to 4,800 U.S. dollars.


The phenomenon is actually not too surprising . In the midst of a rich man who collects property at a high price , there is a serious problem with homelessness . When they enjoy wealth , across the house , 7,600 people were sleeping under the stars and star .

Homeless problem is different in every city , but it will be an issue that continues to unfold. Palo Alto , the business district in Silicon Valley , just passed a law that prohibits people sleeping in their cars .

In San Jose , hundreds of police had stopped working to get higher pay . Lack of police presence combined with the open land along the river and the road has made San Jose a final destination many homeless in Silicon Valley .

Comprehension of Quit Claim Deed Form

September 12, 2013

If you wish to make a certain change in your life you should think about using a Quit Claim Deed. A Quit Claim Deed will allow you to transfer real property to someone in your family, former spouse, or you can use it to put your property in a trust. This deed will help you move in or move on for a brand new start when everything is settled.

 

The best time to utilize a Quit Claim Deed Includes:

·               You are passing your rights in a piece of property to a spouse or ex-spouse

·               You are gifting your property to another person or family member

·               You are transferring ownership in a property to a trust

·               You are correcting the spelling of a name in a previous deed

·               You are changing tenancy (how the property is owned) between owners

·               You are clarifying if the property is community or separate property after marriage

·               You own a business and you want to buy or sell real property.

 

What else is a Quit Claim Deed called:

 

Quit Claim Deed Form, Quitclaim Deed Form, Quick Claim Deed Form (erroneously)

 

The Fundamentals of Quit Claim Deed:

 

Since a quit claim deed is normally utilized to transfer property between members of the family, former spouses, and in estate plans; it is believed to be one of the most simplest methods to legally transfer property. However, a transfer on death deed might also be utilized here, which is determined by where you live.

 

Always remember that once money exchanges hands a quit claim deed is hardly used. A good example is like when the property has someone interested in buying it and a seller, because there are no guarantees or warranties that the property has no liens. This is mainly due to the fact that liens normally stop a property from being sold.

 

Those liens are normally transferred together with the deed itself in a quit claim deed.

 

Take a look at some questions you will have to answer when you decide to make a quit claim deed with our easy, step by step interview.

 

Address and property description:

 

Of course, it is  good to remember the address of the property on the quit claim deed form. However, to avoid any kind of confusion that may occur it is also necessary to have a legal description.

 

Date of transfer:

 

It is completely up to you, but you can use a quit claim deed to transfer property at once, at some exact date later on down the road, or at the time of your death. It is good to keep in mind that a transfer on death deed is a more appropriate document in some states if you are including property in an estate plan.

 

Parties involved:

 

In order to transfer property a trust, company, or person can make use of a quit claim deed. Similarly, a company, person, or trust can be the "grantee" of the deed, which pretty much indicates the person or company that will get the deed.

 

Payment:

 

Sometimes quit claim deeds are utilized once property is transferred with no exchange of money, but that doesn't necessarily mean some funds can't change hands. Make sure you have an attorney examine your quit claim deed, and this is especially true if cash is exchanging hands.

 

Tax information and exemptions:

 

Tax responsibilities aren't exchanging hands too if the property is exchanging hands. Sometimes a trust will probably transfer a property to a trustee, but the money in the trust has been earmarked to pay taxes on the property. Other times, tax responsibilities are given to the brand new owner of the property. You can customize your quit claim deed to your specific tax necessities with our interview. Just remember to have an account or attorney present to examine the document to validate the details.

 

Mineral Rights:

 

You will probably be able to keep the mineral rights to the property you are deeding depending on the area you live. What this means is you would still have a legal right to any valuable minerals such as a shale deposit the new owner who you transferred the property to with a quit claim deed.

 

It will just take you about ten minutes to make your own Quit Claim Deed so get started right now.

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