Si Usted esta comprando or vendiendo propiedad en la Florida, lo mas importante antes de firmar el contrato, es contratar los servicios de un abogado de bienes raices. El abogado maneja toda la compra o venta, incluyendo todo los servicios de titulo y el cierre.
Si necesita incorporar, o buscar la manera como estranjero de evitar los impuestos de FIRPTA al vender, llamenos.
Con mas de 20 anos de experiencia, el bufete de abogados de Jacqueline A. Salcines, PA esta aqui para asistirlos.
Llamenos hoy. La consulta es gratis. (305) 669-5280
La abogada Jacqueline A. Salcines, Esq. es abogado mas de 20 anos y contadora. Tiene conocimiento con todo aspectos de inmobiliaria y compra venta, incluyendo hipotecas y coporaciones.
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
If an AS IS Contract for Purchase and Sale of Real Estate falls through, who is entitled to the deposit? Often realtors send over a Release and Cancellation form, wanting the seller to simply release the deposit, when the buyer has breached the contract and not met their end of the bargain.
Issues such as non-approval by a Condominium Board or Homeowners Association, inspections and repair matters, denial of credit due to financing or the building not being FHA or approved, all arise and lead to the buyer wanting to cancel the contract.
The Real Estate Contract however calls for strict timelines as to when a buyer can cancel and how they are entitled to. There is also procedure in place as to how to communicate the buyer wishes to cancel and a timeline.
If the buyer does not follow proper procedure, they can simply forfeit their deposit and the seller would be entitled to it.
In my practice, I represent both buyers and sellers and their attempts to go after deposits they feel are rightfully theirs. A cursory review of the real estate contract however, may reveal that the buyer or seller did not do what they were required to, either by the lack of advice by their lender or title company and then they have forfeited the deposit or their right to pursue it.
At the Law Offices of Jacqueline A. Salcines, PA, we have over 20 years experience assisting both real estate buyers and sellers with the negotiation of deposits and entitlement to them. The most important step and first step is to make sure you are represented at closing and throughout the real estate transaction by an attorney.
If you have a real estate or earnest deposit issue on a real estate transaction, contact the Law Offices of Jacqueline A. Salcines, PA today at (305) 669-5280 to schedule your legal consultation.
The Law Offices of Jacqueline Salcines offers cost effective services designed to meet your individual needs and requirements. For strong legal representation, call us at (305) 669-5280 today! Attorney Jacqueline Salcines has been handling all your real estate and business law needs for over 20 years.
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00Jacqueline Salcineshttps://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngJacqueline Salcines2018-10-29 11:12:092022-12-20 13:58:59Real Estate Closing and the Deposit – What to do after the deal falls through
SECOND MORTGAGE – LINE OF CREDIT – HELOC SETTLEMENTS
A HELOC, also known as a Line of Credit Mortgage or Second Mortgage is often “charged off” or appears on a borrowers credit report as “bad debt” or “charge off”. Often, borrowers wrongly assume that the mortgage is then completely forgiven or written off and not collectible. This is not necessarily true. Often bad debt gets sold on the market and creditors, debt companies and third parties purchase it at a discount. The mortgage remains on the title to the property and is not satisfied or reflecting a zero balance.
At the Law Offices of Jacqueline A. Salcines, PA, we have over 20 years experience negotiating debt for our clients and have been successful in wiping these HELOC and Lines of Credit Mortgages off or settling them for pennies on the dollar. The most important step and first step is to make sure the debt was transferred to the new owner correctly and that it is in fact collectible. You do not want to settle or work something out on a debt that was never collectible to begin with.
Once we determine it is collectible, then we go to work to have it worked out whether written off or settled for the borrower.
If you have a HELOC or Line of Credit mortgage sitting on your credit report or property, or have been sued in foreclosure recently to collect on the line of credit, call us.
Contact the Law Offices of Jacqueline A. Salcines, PA today at (305) 669-5280 to schedule your legal consultation.
The Law Offices of Jacqueline Salcines offers cost effective services designed to meet your individual needs and requirements. For strong legal representation, call us at (305) 669-5280 today! Attorney Jacqueline Salcines has been handling all types of mortgage, debt settlement and foreclosure matters for 20 years.
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
