Owning property is an original part of the American dream and it is now more attainable than ever. Florida, still experiencing a yearslong building boom, is seeing higher rates of home ownership and faster turnover on residential properties than ever before. Despite this, some people feel they need a little push to get a mortgage, and they can land in serious trouble.
Finding out that there is a lien on your home is never a good situation. You might not even know there has been a lien placed on your home until you go to sell the property. Once you discover a lien on your home, you need to work to remove it as soon as possible, especially if you want to sell the home sometime soon. Let's take a look at liens and how they can be removed from the title of your home in today's post.
When you prepare to purchase a new home, you will likely hear discussions about property title searches from the realtor or your real estate attorney. This is something important to listen to and understand so that you do not come across any issues down the road. Let's take a look at the most common issues with property titles.
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?
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.
Have you ever wondered why many people purchase title insurance when going through a real estate transaction? The answer is simple: Too many things can go wrong with the title that could leave you out in the cold. This insurance is good for titles of commercial and residential properties. Today, we will take a look at the common problems found with real estate titles in Fort Lauderdale, Florida.
Buying a home is one of the biggest accomplishments an individual or couple can experience in their lifetime. They've worked hard for years, have saved, have scrimped, have built their credit score and now they have the opportunity to purchase their first home. There's plenty that needs to be taken care of, which is why the process can last months. Here are some common obstacles that first-time homebuyers can run into in Florida.
The purchase of a property comes in all shapes and sizes. Rather, there are all different types of property sales and it can affect a buyer. One type of sale that we at Kimberly A. Abrams & Associates PA have a lot of experience with is short sales. Short sales have their positives and negatives for a buyer, but it's about weighing the pros and cons to find the right property for you.
If you are hoping to be a new homeowner, you may feel like you are in uncharted territory. Even for those who have been through the mortgage process before, each property and situation is different and may require different things of the parties involved. Speaking of parties involved, there are traditionally two parties involved in the process, the person looking to get a mortgage: a borrower, and the entity lending the money: a lender. Most people do not pay cash in full for their house, so most will need to get approved on a mortgage in order to own the home of their dreams.
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.