So, the Third District Court of Appeal has finally reached a decision in the Deutsche Bank v. Beauvais case, and it is not favorable to borrowers. the Court sided with Lenders in prolonged foreclosure cases. In essence, the Opinion by the Court of Appeals allows lenders to pursue foreclosure cases, even after the 5 years […]
PMI or Private Mortgage Insurance, protects lenders against certain risks when borrowers default. Charges for PMI are added to your loan payments. If is not the same as property or casualty insurance, such as a homeowners, floor or wind insurance – which protects you against damage to your property. PMI protects only the lender. Cancellation […]
Florida Homestead Exemptions provide significant tax discounts for US Citizens and residents that own property in the United States that are classified as their “homestead”. Property owners who can provide proof of residency including: Warranty Deed U.S. Passport or Residency Card FPL or Water bill showing you reside in the home become eligible for such […]
A recently announced new program created by the U.S. Treasury Department will soon result in the uncovering of the names of luxury real estate buyers in Miami-Dade County and New York City. “In Miami-Dade County, the rule will apply to all cash sales worth more than $1 million; in New York City, it applies to sales […]
A recently announced new program created by the U.S. Treasury Department will soon result in the uncovering of the names of luxury real estate buyers in Miami-Dade County and New York City. “In Miami-Dade County, the rule will apply to all cash sales worth more than $1 million; in New York City, it applies to sales […]
As soon as a foreigner has been in the United States for 183 days in your first calendar year, their income is subject to U.S. Tax filing. However, it is not just the income they earn in the United States, but also the income they earn abroad, be it Venezuela, or another foreign country. The […]
THE FOREIGN INVESTMENT IN REAL PROPERTY ACT (FIRPTA) SET TO INCREASE TO 15% ON FEBRUARY 16, 2016 FIRPTA, which stands for: Foreign Investment in Real Property Act was enacted in 1980 to ensure that foreigners, who are not required to pay income taxes or file income tax returns in the United States, paid their income […]
FLORIDA REAL ESTATE and TITLE ATTORNEYS Practicing real estate law and having clients send me offers to review on a weekly basis, often I am asked whether it is a safe bet to enter into an “AS IS” contract? Will the buyers deposit be protected if there is anything that comes up at inspection? The […]
RESIDENTIAL AND COMMERCIAL CLOSINGS With the recent increase in mortgage interest rates nationwide, it is unclear how the housing market will be effected until months to come. What is clear, however, is that Miami’s residential and commercial real estate markets are booming compared to just a few years ago when the majority of sales were distressed. […]
RESIDENTIAL AND COMMERCIAL CLOSINGS Miami’s residential and commercial real estate markets are booming compared to just a few years ago when the majority of sales were distressed. Owning your own home or purchasing a home for investment return are excellent considerations for the future. With interest rates at an all time low, and scheduled to increase by December […]