FLORIDA REAL ESTATE ATTORNEYS In recent years, changes to Powers of Attorney to convey real estate have changed. While prior to the change, a general power of attorney could be used to convey property, today in Florida, the statute makes certain requirements. A power of attorney to convey property in Florida must have: Legal Description… Read more »
EXPERIENCED LANDLORD/TENANT ATTORNEY JACQUELINE A. SALCINES, ESQ. Tenants in Florida often take the law into their own hands and think that by withholding rent they are going to get their landlord’s attention. While they do get the landlord’s attention, it often results in their getting a 3-Day notice of eviction. For many tenants, unfamiliarity with Florida Statutes… Read more »
DEADLINE LOOMING FOR HOMESTEAD EXEMPTION APPLICATIONS This seems to be the question on everyone’s minds these days. South Florida’s housing market is strong. But will this trend continue? While Miami Dade and Broward experienced never before seen increases and waging wars on home property values and sales during the pandemic and continued through 2021, with… Read more »
SELLING PROPERTY WITH A JUDGMENT OR LIEN AGAINST IT The South Florida real estate market continues to experience record breaking sales, with rates of single family homes climbing more than 40% compared to last year. With low inventory and high demand among buyers, flocking in from all parts of the country, sellers are finding themselves… Read more »
Yesterday we had the honor of calling up yet another client to advise of his loan modification approval and a more than $200,000 principal reduction on his loan. This put his new mortgage principal at almost fair market value for his home, and a 2 percent interest rate. His monthly mortgage payment was reduced by more… Read more »
DECEMBER 31ST DEADLINE LOOMING FOR SIGNIFICANT TAX SAVINGS December 31, 2021 is the deadline for all deeds on property transfers to be recorded in the Miami-Dade County recorder’s office, in order to qualify for homestead exemption in 2022. This includes all title transfers from closing on a home, removing and adding names on property title… Read more »
Now that JP Morgan has reached a settlement with the government, it will begin the process of providing debt forgiveness and other mortgage relief to struggling homeowners. Under the terms of the agreement, JP Morgan will receive credit for relief it provides in four major categories: Modifications Rate reduction/refinancing Low income and disaster area lending;… Read more »
According to The Miami Herald, “Florida claimed first place in the nation in foreclosure activity in January – eclipsing much larger California, according to data in RealtyTrac” – The Miami Herald, Thursday, February 14, 2013. The Realty Trac report shows: The Florida foreclosure rate ranked highest among the states for the fifth month in a row…. Read more »
Providing up to $50,000.00 in mortgage payment and reduction of mortgage balance, the Florida Hardest-Hit Fund Principal Reduction program will reopen on May 15, 2014 at 9 AM. Last year the program accepted 25,000 applications and provided aid to more than 2400 homeowners. The qualifications for the program are strict and require, among other things,… Read more »
