It all began in 2012 when a hotel owner needed an investor to sign on as a guarantor to a loan. The investor alleged the property owner transferred 50.5% of the property to the plaintiff in exchange for their support with the loan. The hotel owner then used the $6.5 million loan to purchase and fund renovations to the property.
Homeowners association and Florida law: Can an owner sue?
Homeowners associations (HOAs) have rules. Before buying property, HOAs generally give potential homeowners a copy of these rules. These rules can include landscaping guidelines, rules regarding the use of pool and other common areas and even parking regulations within the community. The HOA requires those who live within the community to abide by these rules.
Real estate & property surveys: The basics
A property survey confirms land boundaries. Potential buyers can use these surveys to define new parcels of land or identify a parcel of land that already exists but with unclear boundaries.
Home closing paperwork: 3 FAQs
Buying a home is an exciting and terrifying moment. This seesaw ride of emotions often hits the low, or terrifying, end when we sit down to finalizing the transaction. The closing process involves a lot of paperwork. What is all this paperwork? Is it all important? What do we need to read?
Florida real estate trend: Jump in sales after natural disaster?
A recent publication by real estate experts reports an increase in real estate transactions in areas that were devastated by Hurricane Michael. The publication notes that during the first half of 2019 the market increased by 15.5%. That translates to over 2,000 homes sold in Bay County alone.
