Recall the days back in 2005, 2006 and 2007 when financing was given away, no questions asked? Verification of Employment and Verification of Income unheard of. And banks were offering 97 percent to home buyers? Well, as much as we all lamented the bubble bursting and values plunging, the shortage of inventory in South Florida… Read more »
FLORIDA REAL ESTATE ATTORNEYS PROTECTING YOUR INTERESTS WHEN BUYING OR SELLING Your home is a valuable asset. For a majority of you, the most valuable asset you will ever own. Although many people are happy to inject their opinions when buying or selling, an attorney is the only one qualified to provide legal advice. And… Read more »
The new FHA 203k loan for structural repairs is here and now available. This new FHA loan has many facets including the following: FHA 203 Streamline: This loan allows borrowers to finance their purchase or refinance an existing loan to make improvements to the home or upgrades. This can be up to $35,000.00 and a… Read more »
The Coronavirus and Force Majeure Clauses in Contracts – SALCINESLAW With the Coronavirus (COVID-19) taking over the country and businesses, businesses are now seeking to determine whether they are obligated to perform under their contracts, or whether they can invoke a force majeure clause to excuse performance temporarily or even permanently. Force Majeure Clauses Generally… Read more »
FLORIDA REAL ESTATE ATTORNEYS PROTECTING YOUR INTERESTS WHEN BUYING OR SELLING One of the greatest benefits of using a real estate attorney is that he or she has a legal and ethical obligations to work in your best interests. That means, answering all your questions, and including some important ones you may not even know… Read more »
EXPERIENCED LANDLORD/TENANT ATTORNEY JACQUELINE A. SALCINES, ESQ. Anyone who rents a dwelling in Florida is covered under Florida Statutes Chapter 83. Many tenants are not aware of their rights when renting, particularly with respect to the condition of the property and what the Landlord is required to do. The following is a short but non-inclusive list of… Read more »
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 FIRPTA 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… Read more »
Can a foreigner buy property in the US? The answer is yes. It is really much easier than one thinks. TYPE OF PROPERTY Single family homes: The purchasing of single family homes is really much easier than a foreigner thinks. Obviously , in the day and age where we are just recovering from the foreclosure… Read more »
PARTITION ACTIONS IN FLORIDA Holding title to a property with another person who does not share the same intentions or ideas for the property can lead to divergent interests and quarrels. Often, as a result of either inheritance (the death of a family member that leaves a property to several children or heirs), or holding… Read more »
