South Florida homeowners are once again reaping the rewards of high property values, causing many homeowners to be eligible to either refinance their homes, or take out equity lines, for a cash out. Refinancing allows a new loan to replace an old one. The reason to refinance are either to obtain a better interest rate or… Read more »
Are you a landlord in Florida? It can be complicated. Ideally, you will not have any problems getting tenants into—or out of—your property. Unfortunately, that is not always what happens. You may be wondering: What legal options do I have available if my tenant refuses to vacate the property in violation of the lease? The short answer… Read more »
We can blame the higher interest rates in the past months for the swarm of cash buyers picking up properties in Florida. “In July 2013, about 40% of the residential property sales were all cash transactions. This is an increase of 35% from June. Short sales also saw a huge rise in July, increasing by more than 14% from… Read more »
REAL ESTATE LAWYER – LANDLORD TENANT LAW Florida Statutes provide the landlord with the right to inspect the property for any emergency reason whether its a leak, a fire, or anything that could place the property or the tenant in peril. Many residential and commercial leases to rent include language that sets out how and… Read more »
SOUTH FLORIDA REAL ESTATE LAWYERS WRIT OF POSSESSION AFTER SUCCESFFULY WINNING AT AUCTION If you are the successful bidder at a Florida foreclosure auction and yet, after the issuance of the Certificate of Title, the prior homeowner refuses to leave, then you must move for possession. This is not a full blown eviction procedure. Rather, you… Read more »
Obtaining a reverse mortgage will soon be harder. As of May 1, 2015, new regulations will take affect that will require reverse mortgage lenders to follow stricter guidelines. Part of the change includes lenders performing credit checks on borrowers, like traditional mortgages. Applicants for a reverse mortgages, who must be at least 62 years of… Read more »
A RECENT NEVADA SUPREME COURT DECISION THAT ALLOWS HOMEOWNERS ASSOCIATIONS TO TRUMP MORTGAGE LENDERS IN FORECLOSING ON HOMES SENT A SHOCK WAVE THROUGH THE MORTGAGE INUDSTRY LAST WEEK. THE RULING IN ESSENCE ALLOWS HOMEOWNERS ASSOCIATIONS TO SELL A PROPERTY TO THE HIGHEST BIDDER, FOR EXAMPLE $3,000, $4,000 OR $5,000 AND EXTINGUISH THE DEBT A MORTGAGE… Read more »
Florida “as is” real estate contracts have many terms and dates that if the buyer is not careful, and not represented by a real estate lawyer that is monitoring the deadlines, your escrow deposit could be placed at risk. The escrow deposit is the earnest deposit or money put down on a contract to secure… Read more »
FLORIDA REAL ESTATE ATTORNEYS PROTECTING YOUR INTERESTS IN A SHORT SALE In response to discouraging housing market data, Congress passed H.R. 5771 to give distressed short sale sellers retroactive tax relief. This law applies to both short sales and foreclosures completed in 2014. Retroactive and good for short sale and foreclosure cancelled debt through December 31, 2014,… Read more »
