Short sales of Miami condos and homes are often a great way for a buyer to get an excellent deal on a property and a seller to get out from under an upside down mortgage with hopefully less damage to credit and his or her pocketbook. This is the fourth of several blog entries, in [...]
Filed under Miami Beach Short Sales, Real Estate Law Tips by 
Short sales of Miami condos and homes are often a great way for a buyer to get an excellent deal on a property and a seller to get out from under an upside down mortgage with hopefully less damage to credit and his or her pocketbook. This is the third of several blog entries, in [...]
Filed under Miami Beach Short Sales, Real Estate Law Tips by
Short sales of Miami condos and homes are often a great way for a buyer to get an excellent deal on a property and a seller to get out from under an upside down mortgage with hopefully less damage to credit and his or her pocketbook. This is the first of several blog entries, in [...]
Filed under Miami Beach Short Sales, Real Estate Law Tips by
Miami Condo and home reverse mortgages are one of the recent targets of fraud schemes in the Florida real estate arena. Reverse mortgages, whether on a Miami Condo or home anywhere in Florida or the United States, by definition allow senior property owners (defined as age 62 years or older) to borrow against the equity in their homes without the [...]
Filed under Miami Real Estate News, Real Estate Law Tips by
United States Congress, in February 2009, altered the first time Miami condo and home buyer tax credit, making it $8,000.00, and eliminating the repayment requirement. First time Miami condo and home buyers can take advantage of this primary residence tax credit through December 1, 2009. Unless Congress votes to extend the program, buyers need to [...]
Filed under Miami Real Estate News, Real Estate Law Tips by
A real estate contract signed and accepted by the Seller and the Buyer, whether for a Miami condo or home, is a binding and fully enforceable contract, regardless if the contract is “subject to short sale lender approval” or not. If such real estate contract is subject to Seller’s lender approval it does not necessarily mean that [...]
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Florida Department of Revenue Form DR-430 is now a requirement when transferring ownership or control of the entity, such as a corporation or partnership, (rather than the usual title deed) holding fee title to the non-homestead Florida real estate property, whether in Miami-Dade County or other Florida County. The time frame for filing the DR-430 is not [...]
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Top Five Reasons Why Buyers Need Real Estate Title Insurance 1.The buyer’s lender requires it to protect their interests in the property. 2.The seller may be selling the property in a fraudulent manner. 3.The seller may have obtained the property in a fraudulent manner. 4.A prior seller may have acted in bad faith or committed [...]
Filed under Miami Title Insurance, Real Estate Law Tips by
Many of the most problematic mortgage loans made in Florida were on Miami condos and condos in general. As a result, Fannie Mae has altered its guidelines for high risk Florida condo mortgage loans, as of January 15, 2009. Two of the most important requirements in the new guidelines for Florida condo mortgage loans for Fannie Mae are the [...]
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Real Estate Transaction Power of Attorney Tips A power of attorney (“POA”) is a legal document which allows an individual to authorize a second individual to act on his or her behalf in order to carry out his or her will. This often occurs when the purchaser or seller of a property is not available [...]
Filed under Miami Title Insurance, Real Estate Law Tips by