Sumpter & Associates, LLC

It is with mixed emotions that I announce that we will be closing our doors on March 31st. Sumpter & Associates started 22 years ago. Over the last 22 years there have been so many ups and downs but I wouldn’t change a thing. I am thankful to the many clients I have had the privilege to work with and have stayed with me since day one. I am so thankful for you. When I started this business I felt like I was jumping off a cliff without a parachute. I was so scared but with the support of my family, friends and those loyal clients it thrived for 22 years. I am so grateful. Thank you!!! 😘❤️

New logo😄...working on a better copy but love the update 😄

Thank you Olga Vidriales! It was fun! https://www.instagram.com/tv/Bx-iWn3gvbi/?igshid=zr9tgwmtvht

Amusing conversation with Julie Sumpter-Deck of Sumpter & Associates

One of the other types of records Sumpter & Associates researches are Judgments. When a Judgment is rendered by the court, the winning party usually files and records a lien notice (called an Abstract of Judgment in many States) against real estate owned by the defendant or party against whom the judgment is given . Sometimes Judgments can be used to garnish wages or can be placed on bank accounts. If the loser of the judgment does not pay the judgment voluntarily then the winner of the judgment can force a sheriff's sale to collect money.

Judgments can be searched at the local or county level usually in the same index as real estate records. Many times judgments or bought and sold as commodities. An Assignment of Judgment is the transfer of the title and interest in a judgment from one person to another person.

Let me know if you have any questions!

Happy Monday! I get asked about what exactly I do all the time. So starting today, I will be posting on Monday’s descriptions about public records and the types of information I research.

Liens-with or without consent. A lien is a lawful claim or right against property or funds for payment of a debt or for services rendered. There are two types of liens that are recorded: those with consent (voluntary) or without consent (involuntary).

Examples of liens placed with the consent of an asset holder include mortgages, loans on car and vessels, and Uniform Commercial Code filings and business assets such as equipment or accounts receivable.

Examples of liens place without consent of an asset holder include federal and state tax liens, mechanics liens, and liens filed on assets as a result of judgments issued by the courts.

Questions??

More next Monday!!

I am proud to be a sponsor of the Rotary Club of Brentwood’s inaugural New Year’s Day 5k Run/Walk. There is still time to sign up! Go to https://runsignup.com/Race/CA/Brentwood/RotaryClubNewYearsDay5K or come by Brentwood Outdoor Living today between 12 pm and 3pm to sign up!

I often get asked what a UCC-1 Financing Statement is. Here is a definition that might help:

A UCC (Uniform Commercial Code) financing statement is a mortgage or security agreement that uses personal property as collateral. These agreements are recorded in the county if real property is affected. They are good for 5 years and then they can be continued, terminated (at any time) or lapsed (if not continued within the 5 year period).

These documents can be very useful when you are trying to locate assets for a business or individual. Let me know if you have any further questions regarding these documents or any other public record.

Eighteen years ago today I started Sumpter & Associates. It was one of the scariest days of my life. I felt like I was jumping off a cliff without a parachute. Happily I landed on my feet! The journey has not always been easy but I love the work that I do and the clients that I serve. Thank you to all my clients, many that have been with me from day one, for your business! You are the best!

To all my clients in Real Estate and those that ask me to record Real Estate Document please take note. This is a large increase in filing fees.

Effective January 1, 2018, California is increasing recording fee by $75 for every real estate instrument, paper, or notice required or permitted by law to be recorded, per each single transaction per single parcel of real property. The maximum extra fee allowable in connection with SB2 is to be $225 per single transaction, per parcel. See:

Bill Text - SB-2 Building Homes and Jobs Act.

Keeping our clients and vendors in Texas in our prayers.

Reminder that today is Presidents Day and your courthouses and government offices may be closed. Please call and check before you leave.