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California SDCR charging $75 additional on all Deeds starting 1/1/2018

Clare Luconi

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Has anyone seen that this is the new fee that will be charged on all Deeds-no matter the price? This is outrageous as some timeshare are only that much! Let me know if anyone knows about this and if there is anything we can do about it. I believe it is SBXII.
 

rhonda

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What are "California SDCR" and "SBXII"?
 

theo

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California SDCR charging $75 additional on all deeds staring 1/1/2018....Has anyone seen that this is the new fee that will be charged on all Deeds-no matter the price? This is outrageous as some timeshare are only that much! Let me know if anyone knows about this and if there is anything we can do about it. I believe it is SBXII.

I cannot decipher the assorted acronyms, but will speculate for the sake of discussion that SDCR might stand for "San Diego County Recorder"? :shrug:

In any case, I don't see a $75 recording fee as "outrageous", nor do I think that it matters at all what a timeshare is "worth" for recording purposes.
It's the exact same amount of time and effort (although admittedly not very much of either one) to assign an instrument number or book & page number for the scanning and official recording of a ten dollar transaction deed as is required for a ten thousand dollar transaction deed.
 
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HudsHut

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Appears to be California Senate Bill 2
https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB2

27388.1.
(a) (1) Commencing January 1, 2018, and except as provided in paragraph (2), in addition to any other recording fees specified in this code, a fee of seventy-five dollars ($75) shall be paid at the time of recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, except those expressly exempted from payment of recording fees, per each single transaction per parcel of real property. The fee imposed by this section shall not exceed two hundred twenty-five dollars ($225). “Real estate instrument, paper, or notice” means a document relating to real property, including, but not limited to, the following: deed, grant deed, trustee’s deed, deed of trust, reconveyance, quit claim deed, fictitious deed of trust, assignment of deed of trust, request for notice of default, abstract of judgment, subordination agreement, declaration of homestead, abandonment of homestead, notice of default, release or discharge, easement, notice of trustee sale, notice of completion, UCC financing statement, mechanic’s lien, maps, and covenants, conditions, and restrictions.
 

DeniseM

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Unless you are a rescue company that does a large volume of recordings in CA, this doesn't seem like a big deal. There are other states that charge for recording as well.
 

ronparise

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It dosent cost any more or less to record the deed for an expensive property or a cheap one.
 
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