FAQs

According to the California Board of Equalization, a third-party loan provided to the trust must be used to complete a sibling-to-sibling buyout. A sibling is not allowed to contribute their own funds into the buyout without jeopardizing the parent-to-child exemption under Prop. 19. The loans from HCS Equity in Carmel, California are specifically designed to

The California Board of Equalization mandates, under the rules of Prop. 58 or Prop. 19, that to preserve the parent-to-child exclusion from reassessment of property taxes, a sibling is not allowed to use their own cash to buy out their siblings. Funds to facilitate the buyout of siblings must come from an independent third-party provider.

On November 3, 2020, California voters approved Proposition 19 (Assembly Constitutional Amendment 11, Stats. 2020, res. ch. 31), which, in part, added section 2.1 to article XIII A of the California Constitution. Section 2.1 adds new provisions for a primary residence base year value transfer for persons who are over age 55, severely disabled, or

For the past 10 years, HCS Equity has been ranked by the California Association of Private Lenders as the lender with the quickest turnaround time for funding a purchase loan as part of a reverse 1031 exchange. HCS rarely requires appraisals, income documents, or personal guarantees from the signers and has been working with the

A private lender that specializes in providing private capital for a reverse 1031 exchange will be able to provide funds prior to the sale of the relinquished property by securing a loan on either the new property, the old property, or both. HCS Equity has been ranked as the top lender by California real estate

In addition to the typical fees for third-party services such as escrow, accommodator fees, title, and normal real estate costs associated with closing, a private loan from HCS Equity will typically cost about 2% of the amount borrowed. HCS Equity has been ranked by the National Association of Exchange Accommodators as the lowest-priced private lender

HCS Equity in Carmel, CA has been providing private capital for reverse 1031 exchanges for over 20 years. Accommodators such as IPX, First American Title, and others have been referring HCS Equity to their clients for their short-term capital needs. Loans can be secured by the new property, the relinquished property, or both. HCS Equity

A Hagstad Petition usually needs to be completed prior to a successor trustee being able to secure a new loan on the family property. In limited cases, an attorney can petition the court for an emergency court order to obtain a temporary restraining order (TRO), which may stop the mortgage company from foreclosing and allow

HCS Equity, based in Carmel, CA, provides real estate loans to trusts and estates on properties throughout California based on the equity in the property. The personal credit of the trustee or the administrator does not factor into our underwriting process. The equity remaining in the property is the main factor in determining if HCS

If there is sufficient equity remaining in the property, HCS Equity can offer options which may allow the family to retain the home until a long-term solution is worked out. The probate process can take years in California, but most of the time reverse mortgage lenders will only allow up to 6 months after the