The Pitfalls of Re-Financing California Real Estate

Re-financing Real Property has increased lately due to low interest rates.

Sometimes a borrower will need to add a third party in order to qualify for the loan.

This could be parent or other third party (e.g. brother, uncle, or in-law).

If the co-signor is not an exempt spouse or child, the borrower risks a partial property tax increase.

It is well advised to consult an attorney to confirm whether the situation possess a risk of tax re-assessment.

Under the right circumstances, the attorney can help the borrower avoid any tax increase, even if the co-signor is a non-exempt individual, such as a parent or grand parent.

For more information, please contact the Law Offices of Hanlen J. Chang.

Disclaimer

Author: Hanlen Chang

The Law Offices of Hanlen J. Chang is located in San Francisco, California. Mr. Chang is a graduate of Southwestern Law School and UC Santa Barbara. Mr. Chang’s Legal Practice is focused on Estate Planning (with an international subspeciality), Business Law, and Real Estate. Mr. Chang is a member of the Bar Association of San Francisco – International Law & Practice Executive Committee.

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