Years

10 years = Judgement
5 years = Title recovery
4 years = Contract
3 years = Fraud
2 years = Oral

DEPRECIATION
minimum 27.5 years  (straight-method) = residential home and appartments property
minimum 39 years (straight-method) = commercial improvements

5 years later = if property not redeemed, delin proeprty i s deeded to state [book sale = delinquent TAX sale on or before 6/8  county tax collector published list of tax deling property]

3 years to Act = Enroachment
1 year effective =RE commissioner' PRELIM title report
5 year effective = RE Commissioner's FINAL title rept

3 years ==documents must be kept by the real estate broker.

4 years ==documents used in loan transactions or real property security transactions are kept

3 years == keep copy of employement contract of licensee

Days

 

 
3 days = Notice of Default before filing eviction
5 days = prior to Trustee Sales, re-instatement allowing period
10 days (within) = Truth in Lending, lender has to give estimate to buyer
10 days = all assignments of real property sales contracts negotiated by a real estate licensee must be recorded with the county recorder's office within:

14 days = in land project you can rescind
A Buyer in a Land Project has fourteen (14) days to rescind his purchase.


14 days = publication of Bill of Sale
30 days = proration, prorate
111 days = 30 days x 3 month after Notice of Default  + 3x7 days (21days) after giving Notice of Trustee Sales [foreclosure shortest time)
MECHANIC LIEN
30 days = sub Contractor, with Notice of Completion
60 days = Contractor, with Notice of Completion
90 days = sub Contractor & CONTRACTOR, WITHOUT Notice of Completion

3 days notice +  5 days to remove tenants [after writ of possession by sheriff]

45 days  of change = "change of ownership statement" must filed with assessor, property is assessed each time it is sold at 100% of selling price [or higher market value whichever higher]