Articles Posted in Tag: equity

Equity as a Settlement Offer (Code of Civil Procedure § 998)
Underwood Law Firm, P.C.

California Code of Civil Procedure section 998 incentivizes parties in litigation to settle their disputes before trial. The statute provides that up to ten days before trial, either party may submit a written offer to the other to settle the case under specified terms. (CCP § 998(b).) If the plaintiff rejects the defendant’s timely...

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What is the Home Equity Sales Contract Act (Civil Code section 1695)?
Underwood Law Firm, P.C.

Frequently, when homeowners are dealing with financial difficulties, equity purchasers may induce homeowners to sell their homes for a fraction of the price. An “equity purchaser” is anyone who acquires title to any residence in foreclosure, with some exceptions. (Cal. Civ. Code § 1695.1(a)). The California legislature believed that homeowners were losing their homes...

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