Reverse mortgages are becoming more and more popular and the public and also attorneys and mortgage brokers are learning more about the general reverse mortgage process, here in Florida and the rest of the country. A Florida reverse mortgage is typically part of the program called Home Equity Conversion Mortgage, or “HECM.” The below letter [...]
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Florida real estate contract law. In the following recent case, Mailloux v. Briella Townhomes, LLC, 4D08-430 34 Fla. L. Weekly D 269 (Fla. 4th DCA 2009), purchasers signed a contract to buy a Florida condominium unit and later sought to terminate the contract, claiming the developer failed to comply with the Interstate Land Sales Full [...]
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As detailed by the Florida Association of Realtors, beginning Jan. 1, 2009, Florida real estate condo sellers (who are not developers) must provide potential buyers the Florida Department of Business and Professional Regulation (DBPR) disclosure form, detailing the rights and responsibilities of condominium boards and unit owners, voting rights, meeting notices and other governance matters. This [...]
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The Florida Courts continue to affirm that an owner of Florida real estate will not lose his or her constitutional homestead protection after conveying the subject property to the trustee of his or her trust. See Cutler v. Cutler at 994 S0.2d 341 (Fla. 3d DCA 2008). Homestead protection is generally afforded to a total [...]
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