Law Office of Kimberly A. Abrams & Associates, P.A.

November 2017 Archives

CC&R's and their effect on Fort Lauderdale home buyers

When buying a home, there are so many aspects to consider. Location, price, number of bedrooms and a variety of other factors go into making the decision to buy a home. Sometimes, it can feel like there are so many factors, it can be hard to prioritize which are most important. One aspect of home buying that some might overlook is CC&R's and their impact on a person's home ownership.

A lender has a lien on my property - what does that mean?

Typically, a person entering an agreement to purchase a home or other piece of real estate will need to secure a loan to help finance the purchase. A loan, of course, provides the necessary money to buy the property if the buyer is only able to pay a portion up front. However, entering into a mortgage agreement with a lender creates some important legal rights for the lender in case of default or a sale.

Fort Lauderdale top place for real estate investment, says study

Real estate trends ebb and flow as they do in any financial market. Supply and demand both play big factors in real estate availability, pricing and desirability. Since trends by definition, come and go, there may be more attractive times to buy or sell in the real estate market. According to a recent study, Fort Lauderdale is sixth in the nation for investable real estate, both residential and commercial real estate.

Loan modification an option for those struggling with mortgage

When it comes to the larger purchases and decisions in your life, none is much larger than the decision to buy a home. What this requires of you financially, and what it might mean emotionally for the buyer and other loved ones, is enormous. However, over the course of a mortgage financial situations may fluctuate, or an event may happen that greatly affects one's finances. This is when Fort Lauderdale resident may look for another option, like loan modification.

Capital gains and the sale of a Florida commercial property

When the normal person thinks about making money, they think about traditional income streams like wages, tips and other compensation. But there is another way to make money. The sale of a Florida business property or other commercial real estate could result in a profit. This type of income is difference from wage-related compensation and should be treated differently.

Pending tax reform package may affect real estate sales

One of the more controversial pieces of the recent tax reform package now being mulled over in Washington is a provision that would scale back the very popular mortgage interest deduction, a benefit which many Fort Lauderdale residents and other people who live in South Florida enjoy as a perk of home ownership.

The role of title insurance in real estate disputes

Although some buyers might not think much about it when they are buying a piece of property, most residents of Fort Lauderdale and investors in the Broward County economy probably own a title insurance policy. This insurance is typically purchased at the time someone close on a piece of real estate. Many times, a family must purchase title insurance in order to get a mortgage.

The basics of zoning laws

Zoning laws are important to understand and can have a significant impact on a real estate project. In Florida and elsewhere, zoning laws are important to real estate transactions because they govern the use of land. Zoning laws are used to control and direct how property is developed and can impact a property owner's rights to use their property.

No surprises wanted at commercial real estate closing

Whether buying or selling commercial real estate, both parties want the process to go as smooth as possible. Little snags in the negotiation process or inspection of the property could cause delays. Some delays are avoidable and other times they aren't. Understanding how to prevent, predict and also handle the bumps in the process is part of planning and executing the sale or purchase of commercial real estate.

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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
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