Law Office of Kimberly A. Abrams & Associates, P.A.
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Fort Lauderdale Real Estate Law Blog

How do I stop a foreclosure in Florida?

It's not uncommon for people to struggle to pay the bills. Everyone seems to go through a rough patch in life. It just happens sometimes. Whether it's caused by being laid off, an injury or you simply cannot find work, many people have trouble making it month to month. When you fail to pay your mortgage, things can go south quickly, including the foreclosure of your home. So, how do you stop a foreclosure in Fort Lauderdale?

People often think that their lender doesn't care what happens to them. This is far from the truth. Lenders would prefer to work with you instead of going through the hassle of foreclosing on a property. Talk to your lender and let them know what's going on in your life. They will work with you by creating a payment plan. Just make sure you don't wait too long to contact them. Continue paying your bills and don't wait to call until you haven't made payments for months on end.

How do I become a legal snowbird in Florida?

Are you thinking of moving to Florida but don't want to live there year-round? Do you have a vacation home in another area of the country, say the Mid-Atlantic states, that you like to live at during the summer months? If so, you can become a snowbird. Snowbirds are people who live in Florida for the warmth during the winter and then live elsewhere during the summer. So, how do you become a legal snowbird in Florida?

There is a six-plus-one rule that all snowbirds who want tax advantages follow when living in Florida. If you want to pay zero income tax you need to live in Florida for a period of six months and one day. You will also be eligible for zero taxes on your Social Security, estate, investment earnings and in some instances, inheritance.

Disclosures needed when selling your home

Are you getting ready to list your home on the market in Fort Lauderdale, Florida? You likely have heard that there are some items that you need to disclose to potential buyers when making the sale. These disclosures are very important and shouldn't be skipped over or else you might find yourself in the middle of a real estate dispute.

In most cases, the owner of a property only has to disclose issues of which he or she is aware aware. They don't necessarily need to seek issues that could be hidden or not known without doing an intensive inspection of the home but it all depends on the type of issue. For example, you might be required to inspect for foundation issues, termite infestations, asbestos, mold and other problems.

Important tips for a first-time homeseller

Selling your home for the first time can be exciting, stressful and upsetting all wrapped into one. You are moving on from your very first home with your spouse or partner and finding a new place to live. This can be difficult emotionally for all of you, especially if you have children. Here are some important tips for those who are selling their home for the first time in Fort Lauderdale.

One of the most important things you need to do is choose the appropriate price for your home when putting it on the market. You cannot let your emotions and memories get in the way of how you price your home. Many first-time homesellers set too high of a price, which causes their home to sit on the market for months.

How much power do HOAs have over a sale?

Associations can be a great asset to Florida residents. They usually bear the brunt of common area maintenance or amenities, they do come with a cost. In some cases, the cost could surpass a monthly fee.

If an association is involved with your sale or purchase, it’s important to be aware of the possibilities during this transaction. No buyer or seller wants a surprise just before closing.

Legal problems that can end a commercial real estate deal

When you decide it is time to enter into the real estate market, you might consider purchasing commercial real estate in Fort Lauderdale. The commercial market is a large one, with all types of buildings and land for purchase. You can purchase property that has already been developed and become a landlord. Or, you can buy empty land and develop it. Either way, here are some legal problems that can derail this transaction.

What items will remain with the property? Many properties are sold and left untouched by the seller. The buyer should never assume that items will be left behind. He or she should ask the seller if appliances, light fixtures, furniture, tools and other items will remain. Get it in writing, too.

Steps to take if your mortgage application has been denied

Applying for a mortgage can be very stressful. You never know what issues could occur that might lead to your application being denied in Fort Lauderdale. It can be very difficult to buy a home without a mortgage unless you have plenty of money in accounts that can be used. Many people struggle to simply make the down payment. Here are the steps you can take after your mortgage application has been denied.

There really should not be any surprises when your mortgage application is denied. The reason for this is that the loan officer should provide you with a detailed explanation as to why the application was denied. You have a right to know why it was denied. The first thing you should do is inquire as to what happened and how it can be rectified. It could have been a simple mistake on one of the forms.

Why should I have an attorney with me at closing?

If you are preparing to buy or sell a home in Fort Lauderdale, there are quite a few reasons why you need a real estate attorney at the closing. Not only is closing an exciting day, it's also a stressful day. You will be signing a ton of paperwork. You could also run into some real estate disputes about the property. So, why should you have an attorney at closing? Let's take a look at some reasons in this post.

For starters, you will need to sign a ton of paperwork at closing. This can be downright confusing and overwhelming. A lot of the paperwork will include wording that you might not understand or might not feel comfortable signing. An attorney will be able to answer all of your questions and explain clauses in the paperwork to you.

3 steps to follow in listing your home as for sale by owner

For many home sellers, paying a realtor seems like a waste of money. With advances in technology, selling your home looks as simple as putting an ad up on Facebook or Craigslist.

According to the South Florida Business Journal, single-family home sales in Florida increased by 4.1 percent and the median sales price grew by 8.1 percent in April. In South Florida, the condo and townhouse market experienced a 13.9 percent spike in sales. With a market like this, selling your own home seems particularly easy in Florida.

How to find an excellent home inspector for a real estate sale

As you prepare to buy or sell a home, there is a very important aspect of the transaction that should never be overlooked — the home inspection. All properties must be properly inspected prior to signing contracts in real estate transactions. The reason for this is so any issues found can be disclosed and repaired prior to new ownership taking over. Here's how you can find an excellent home inspector.

Try to look for a home inspector prior to finding a home to purchase. If you do it the other way around, you might have to accept the first inspector you meet. He or she could simply be in the profession for the money and not try to determine whether there are issues with properties that could affect the transaction.

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    Law Office of Kimberly A. Abrams & Associates, P.A.
    2699 Stirling Road, Suite A105
    Fort Lauderdale, FL 33312

    Phone: (954) 985-9715
    Fax: (954) 985-9745
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