Fort Lauderdale Real Estate Law Blog
Considering a refi deal during the coronavirus pandemic?
The coronavirus pandemic has shaken the nation’s economy. Florida, a state that thrives on its tourism segment, has been hit especially hard. This, coupled with the fact businesses had to lay off tens of thousands of workers in March, have led consumers to have the...
Shopping for real estate during a pandemic? These tips can help.
The National Association of Realtors recently surveyed real estate agents from throughout the country to get a better idea of what the real estate market is looking like in the midst of the coronavirus pandemic. Through use of a survey, these agents report a 48%...
Landlords and tenants: 3 negotiation tips during COVID-19
Landlords and tenants in Florida are navigating unchartered waters. Never before have businesses and travel been shut down by the government due to a pandemic. Never before have tenants and landlords needed to figure out how to reach mutual agreements to keep both on...
1031 exchanges: A primer
A 1031 like-kind exchange can mean big tax savings for those who know how it works. The name refers to the section of the Internal Revenue Code that guides the process. The Internal Revenue Service (IRS) uses Section 1031 to recognize a gain or loss in a real estate...
Can an HOA foreclose on property owners for working from home?
Homeowners associations (HOA) can have some interesting requirements. From the color of exterior paint to length of grass, homeowners likely expect some requirements while others may come as a surprise. Whether known or not, further problems can develop if an HOA...
How has the new coronavirus impacted Florida real estate?
The new coronavirus has had a massive impact on everyday life. News shows are encouraging safe practices and reminding viewers to wash their hands. Sporting events are getting cancelled, college course work is shifting to an online platform and government agencies are...
Walton homeowners continue to fight for beach rights
Those who own beach property know it comes with some benefits and risks. When looking at property in Florida on the emerald coastline of the panhandle, these benefits can include sugar white sand and beautiful green waters. The risks can include the occasional...
As mortgage rates hit lows, homeowners may consider refinancing
Mortgage rates throughout the country are hitting low numbers. The drop is likely the result of the Federal Reserve’s emergency interest rate cut. Due to this cut, the Mortgage Bankers Association reports 30-year fixed rates fell to 3.47% — the lowest rate since 2012....
What do home mortgage modifications look like in 2020?
If you are struggling to make your home mortgage payments, you are not alone. An estimated 2 million American homeowners are currently struggling to pay their monthly mortgage payments. Thankfully, those who find themselves in this situation have options. Some...
When can interested buyers cancel a real estate contract?
Buying a property is an exciting and stressful event. The cost is huge — often the largest financial transaction one will make in their life. So, what happens if you thought you found the perfect place and moved forward with an offer only to realize the property just...
