A loan modification can result in an adjustment to the terms of a mortgage. Those who are considering this strategy likely have the following questions: Who can benefit from a loan modification? A homeowner who wishes to stay within their home but is having difficulty...
Month: February 2020
Two owners + one Florida home = bitter court battle
Two Florida homeowners recently took a nasty homeownership battle to court. The dispute involves a $500,000 single family property in Naples, Florida owned by a father and son. The two bought the home with a 50/50 ownership agreement in 2017. Although we do not know...
Why is it important to get a title search before buying property?
It is important to conduct a title search prior to finalizing a real estate transaction. A title search will help determine if there are any encumbrances on the property by looking through public records to see if there any other claims to the property. What kinds of...
What does Zillow’s growth mean for real estate purchases in 2020?
The real estate market is changing. Although the basics remain the same, two parties still generally come together to buy and sell property, the tools we use to negotiate these transactions are changing at a rapid rate. Gone are the days when the details of the...
Should I use an LLC to buy property?
In our last post, we discussed use of a trust to purchase property. Those looking to purchase property can also use other legal structures to buy real estate. This post will discuss use of a limited liability company (LLC) as a vessel to purchase property. What is an...
Why would I use a trust to purchase a home?
There are many legal tools that can help financially wise make the most of their investments. When it comes to purchasing a home, potential buyers may consider a couple of different options. One example involves using a trust to purchase a home. Why would a buyer...
Florida family takes on government in land ownership dispute
Imagine buying a small island off the coast of Florida. Your family pays for the property, regularly pays taxes for more than 50 years and decides to put in place a plan to develop the island into a luxurious resort. Once the plans are in place, another party decides...
