The man thought he was getting the deal of a lifetime. He put in a bid for just over $9,000 to get a villa. He won…or so he thought. Upon further review it turns out he did not get the villa. Instead, he is now the owner of a plot of land that is approximately...
Year: 2019
Real estate underwriting: The basics
Real estate underwriting can provide a valuable advantage for those who are looking to purchase real estate. Individuals looking to purchase a home or businesses looking to purchase property as part of a business venture will likely go through the underwriting...
3 FAQs about title searches
Although the importance of a title search when looking to purchase property is well known, not everyone knows much about the process. The following will answer three common questions that often come up regarding title searches. #1: What exactly is a title search? A...
Will the 2019 hurricane season impact mortgage default rates?
Real estate in Florida can be some of the best in the world. Unfortunately, it can also come with some of the highest risk. Property along the coastline can be subject to the devastation of a hurricane. These powerful storms can destroy roofs, level walls and even...
Florida real estate scam costs family $77,000
The moment a buyer closes on a home is a moment of celebration. Yes, a large amount of money is at stake. But, if done correctly, at the end of the transaction the buyer walks away with a property of their own — and possibly at least partially the bank’s...
The pros and cons of FSBO
For Sale By Owner (FSBO) real estate transactions provide a prospective seller with the opportunity to sell their home on their own terms, but is this type of sale right for you? The following will delve into some of the pros and cons of a FSBO real estate deal. FSBO:...
How will Florida’s new notary law impact home sales?
Florida lawmakers recently passed a law that could increase investment in the real estate market. The law, available here, allows for online, remote notarization. Those who are interested in purchasing property will no longer need to be in the state to get the...
Failure to review documents may have aided real estate scam
A real estate attorney can help buyers and investors to protect their interests. This is true for transactions that range from multimillion-dollar projects to buyers who are interested in purchasing a single-family unit currently owned by a bank. Buyers or sellers...
Real estate contracts: What provisions are important?
Real estate contracts are often long, difficult to understand documents. Buyers, sellers and investors can benefit from a basic understanding of some of the more common provisions. Three specific examples that warrant careful review include: Inspection. It is not...
Florida real estate and taxes: Did the new law change things?
President Donald Trump’s piece of tax reform, the Tax Cuts and Jobs Act (TCJA), went into effect on 2018 tax returns. As a result, agencies are starting to gather and analyze data on the impact of the law. One specific area of concern: did the new tax law impact...