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April, 2011 Page 1 Riverside County: Tel. (951) 244-1856 | Fax (951) 246-2400 www.glawgroupapc.com Orange County: Tel. (714) 978-2060 | Fax (714) 922-6241 so een cases where a party simply moves in, n was ssession” does not mean ill will ssession” means undisguised and Informing Real Estate Brokers, A ssociation members, and local Busi nesses for over thirty years. MLS Rules & Regulations / Data Integrity (Traffic School) Date: May 13, 2011 Time: 9:00 a.m. – 11:30 a.m. Location: The Pacific West REALTORS® Please contact the Paci of REALTORS® to sign up! Brown Bag - Seminar Date: May 18, 2011 Time: 11:30 a.m. – 1:00 p.m. Location: Southwest Riverside County Association of REALTORS® Please contact the Southwest Riverside County Association of REALTORS® to sign up! Important Dates: Earth Day: Friday, April 22 nd The National Association of REALTORS® (NAR) requested that John Giardinelli be part of a work group to analyze the proper role of attorneys in the enforcement of the Code of DEVELOPMENTS Easter: Sunday, April 24 for title to pass adverse possession. via Adverse possession is accomplished when a party acquires ownership to another's real property, without compensation, by holding ed period of time in a manner that conflicts with the true owner's rights. For example, Party A owns an undeveloped acre of real property, but does not visit it often. Party B puts a mobilehome on Party A’s acre, moves in, and claims it as his own. After occupying Party A’s acre uninterrupted for the amount of time specified by law and paying taxes on the property, Party B becomes the owner of the property. The legal theory of adverse possession stems from old English law, when real property was Continued established by adhering to the standards set forth in the previous version of California Code of Civil Procedure §§321-326 and Civil Code §1007. Those code sections essentially required that a party must occupy the real property hostilely, openly, exclusively, and continuously for a period of five years and pay the property taxes on the land. Hostile po or actual enmity, but rather is actual occupation or possession of the real property, without the permission of anyone claiming title, and claiming ownership (either express or implied). (The opposite would be a lease or other possession that recognizes or is subordinate to the true owner.) Open Po conspicuous possession of real property that is generally known or recognized. Exclusive possession” means that the person possessing the land must be the only one occupying the property – he can't share ossession with strangers or the owner. Furthermore, an adverse possessor cannot give up the use of the property and then the information provided and your ax Seasonand the IRS is Cracking Down ccording to an article on Bankrate.com, the IRS has begun taking the enforcement portion of its job seriously. With that in mind, certain Directors and Officers must act in good hat generally means being Directors and Officers must refrain from self-dealing and usurping corporate opportunities. director/officer may not take an opportunity that is in the corporation’s line of work that the corporation is able to corporation refuses the opportunity. Decisions made on an informed basis will be protected by the “business judgment rule.” If a director/officer is unfamiliar with the natural results of a decision, someone should be hired to give their opinion before the director/officer makes a decision. April, 2011 continuous, and open) for a statutorily prescribed number of years. The “We want to help.” * * * www.glawgroupapc.com inquiries@ RULE: Until January 1, 2013, a purchaser of a foreclosed home that wants to remove tenants must attach a cover