Best Real Estate Lawyers Folsom, CA

Folsom, CA Real Estate FAQs

• What is the non-emergency contact number for the local police station in Folsom, California?

  916-461-6400 is the non-emergency contact number for the local police station in Folsom.

• Where can I get a copy of police reports for incidents related to my case in Folsom, California?

  To request a Folsom police record, please email FPDRecords@folsom.ca.us and include your name, email address, phone number, FPD Report or Incident Number, date and time of the incident, your affiliation with the report, and a copy of your photo ID. The Folsom Police Department Records Division has 10 days to respond to your request. If officers are still completing their reports, please wait 7-10 days before making your request. Note that certain reports may not be released, such as those related to child abuse, medical/mental illness, arrests awaiting adjudication, or ongoing investigations. For further inquiries or assistance, contact the Folsom Police Records Division at 916-461-6400 or FPDRecords@folsom.ca.us.

• What is the time limit for filing a breach of contract claim in real estate transactions in Folsom?

  The statute of limitations for filing a breach of contract claim in real estate transactions in Folsom is four years. It applies to all written real estate sales, contracts, and transactions. Typically, the statute starts running from the date of the breach, but if the breach was concealed through intentional non-disclosure like fraud, the discovery rule applies. Under the discovery rule, the statute begins from the date of uncovering the relevant facts, rather than the date of the breach.

• What safety concerns should sellers in Folsom disclose to buyers?

  In Folsom, sellers are required to provide information on various safety and privacy issues. These include disclosing details about Megan's Law (registered sex offender database), participation in the statewide home energy rating program, the presence of military ordnance within one mile of the property, water conserving fixtures (relevant for older properties), and an advisory regarding the potential risks of wire fraud during electronic fund transfers.

• Is the seller responsible for any repairs after closing in Folsom?

  In Folsom, sellers are not held responsible for repair costs if they were unaware of any issues prior to closing. However, if the seller had knowledge of problems and failed to disclose them to the buyer, they could be held liable. It is important for sellers to be transparent and disclose any known issues to avoid potential legal repercussions.

• Do you have to pay taxes after you sell your house in Folsom?

  When selling your house in Folsom, you may be required to pay taxes, particularly capital gains tax, if you make a profit from the sale. However, there are exclusions available that can reduce or eliminate the tax liability. To qualify for the full exclusion amount, you generally need to meet criteria such as using the home as your primary residence and owning it for at least two years.

• Is a real estate attorney in Folsom required to get a real estate license?

  Attorneys in Folsom who are members of the State Bar are exempt from some requirements to become licensed real estate agents or brokers. They can take the exam without completing college classes but still need to pass it. Attorneys must fulfill the two years of real estate experience for broker applicants, but experience in real estate law may be acceptable. All real estate professionals, including attorneys, should be knowledgeable about California's real estate laws and regulations.