A Preliminary Change of Ownership Report Must Be Filed with Each Conveyance in the County Recorder's Office Form
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People also ask
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When must a PCOR be filed in California?
Any property transfer in California may require filing a Preliminary Change of Ownership Report. For most people, this report is needed whenever real estate is transferred from one person to the next, even if only partially. An interest in real estate must be reported to the state for tax appraisal purposes.
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What is a preliminary change of ownership report in California?
The purpose of the Preliminary Change in Ownership Report, or PCOR, is to alert the county Assessor that a piece of real estate has a new owner. This form must be turned in to the Recorder's office along with the deed or affidavit that changes ownership; the Recorder sends it to the Assessor.
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What documents require a PCOR in California?
Documents That Require a PCOR Grant Deeds or Quitclaims Deeds involving a sale or transfer of property (includes partial transfers and life estates) Mineral Deeds. Oil and Gas Leases, Amendments, Extensions and Assignments of Oil and Gas Leases, regardless of the term of the lease.
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What does PCOR stand for in escrow?
During your escrow process and every time a property is purchased or ownership is transferred for other reasons, a Preliminary Change of Ownership (PCOR) form must be filled out. You will receive a PCOR with your escrow docu- ments and you will be required to fill it out completely.
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Who signs the PCOR in California?
The Recorder's Office will add a fee for any deed recorded without a PCOR. It must be signed by the new owner, not an agent. The new address on the PCOR will be used to update the mailing address on file.
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What is PCOR used for?
The PCOR provides the county assessor's office with a means to collect specific information regarding the property transaction, including the parties involved, the price paid, terms of sale, and the nature of the property interest being transferred.
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What does PCOR do?
Patient-Centered Outcomes Research (PCOR) helps people and their caregivers communicate and make informed health care decisions, allowing their voices to be heard in assessing the value of health care options.
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Who signs the PCOR?
The PCOR is to be signed and certified by the transferee. The county assessor may also request other information about a deed, or other matters related to the transfer, after reviewing the PCOR.
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