What belongs on FL-142 item 1
Every home, land parcel, rental, commercial property and partial real-property interest, including property outside California.
Use a description that a second reviewer can match to a statement, title record, contract or the opposing disclosure. Record the value state—known, estimated, unknown, pending or none—instead of treating every empty cell as zero.
The source record for real estate
- Current vesting deed and acquisition closing file
- Mortgage, credit-line, lien and payoff statements
- Supported valuation with an effective date
- Contribution, refinance and improvement records
Completeness checks before service
- Confirm every real estate item has an identifier and custodian or location.
- Tie every amount to an as-of date and retain the source.
- List disputed and unvalued items visibly rather than excluding them.
- Recompute the form totals from the underlying rows and check for duplication.
What moves forward
The ledger entry must preserve its form item, date, value, debt, asserted character and evidence status. That same identity carries into characterization, valuation, negotiation and any final transfer. Keep gross fair market value, each encumbrance and net equity separate. A sale estimate, appraisal, broker opinion and online estimate are different evidence types and dates.
Questions about this topic
What is the biggest disclose mistake for real estate?
Omitting or combining the item so it cannot be matched to its source.
Can the workspace decide this disclose issue automatically?
It can preserve facts, run arithmetic and expose assumptions. Disputed legal conclusions, professional valuations and third-party transfer decisions still require the appropriate human or institution.
Continue the workflow
California property workflows from disclosure through transfer
Asset-by-asset California workflows for disclosure, characterization, valuation, negotiation and transfer across all FL-142 categories.
Real property on California form FL-142
What to identify, document and check when listing real property on a California Schedule of Assets and Debts.
A safer California property-settlement workflow
A four-stage workflow from disclosure inventory through legal analysis, allocation, drafting and implementation.