The term “probate property” refers to property that someone inherits upon another’s death. As soon as the administration of an estate is commenced and a Personal Representative is appointed, probate real estate information becomes available at the county courthouse – even if the Personal Representative has manifested no interest in selling it. If you’re interested in buying probate real estate, you can access Read More
New Closing Rules
The new settlement/closing rules by the Consumer Financial Protection Bureau (CFPB) on residential properties began on October 3, 2015. Borrowers of residential real estate were given new disclosure forms after that date. Prior to October 3, 2015, Truth-in-Lending Act-RESPA integrated disclosures (TRID) included the initial and final Truth-in-Lending Act forms, Good Faith Estimate (GFE) and the HUD-1 or Settlement Read More
Real Estate Law: Understanding the Appraisal
An appraisal is a professionally judged opinion on the value of something—in this case, a home or some other form of real estate—usually based on the market value. Whether you are looking to obtain a mortgage to buy a home, or you want to refinance an existing mortgage, your lender will likely require you to obtain a professional appraisal of the property. Lenders usually require an appraisal in order to determine Read More
5 Ways an Attorney Can Help You Buy a Home
When most people enter into the process of buying a home, many of them mistakenly only thinking about utilizing the services of one professional: a Realtor. Certainly, real estate agents can provide some useful services in helping you find your potential home, but there are actually a number of legal issues involved in the home-buying process that are better suited to the professional knowledge and experience of a Read More
Construction Contract Necessities
As a construction company, the nature of your work puts you in a position of serious liability. There will always be a lot of risks and potential for things to go wrong in just about any job you take. Thus, the importance of utilizing detailed contracts in all of your business dealings cannot be overstated. First and foremost is your contract with the homeowner or person you are building a property for. The Read More
Short Sale Buying v. Non Short Sale Buying
Short sales and mortgages have both existed for a long time. However, the dramatic increase during the recent Great Recession has let many homeowners and would be homeowners to become more familiar with the term and the process. A short sale allows a homeowner who cannot afford to continue paying a mortgage to avoid foreclosure by short selling the property. On the buying side, a buyer benefits from a potential Read More
Florida Probate Lawyer
In almost all cases, you will need an attorney to assist you in processing a Florida probate. In rare exceptions of very small estates, you may be able to manage the administration without an attorney. Formal administration has so many technical rules and pitfalls that it can be very frustrating for the non-lawyer. Florida's probate system is too complex for most personal representatives to follow without guidance, Read More
6 Factors That May Prevent You From Closing on Your Dream Home, Part II
In our last blog, we detailed three scenarios and problems that could potentially stand in your way of successfully closing on the home of your dreams, including title search issues, a low appraisal, and the failure to sell your old home. For more information on these hurdles, click here to read Part I of this blog series. Whenever you seek to buy a home, always keep in mind that a successful closing is not a Read More
6 Factors That May Prevent You From Closing on Your Dream Home, Part I
So you’ve put in an offer on your dream home, and the seller has accepted it! Congratulations, this is a very big step in and of itself. However, don’t get your hopes up too high just yet. An accepted offer most certainly does not mean that the home is yours. There are some major mountains that you will have to cross in order to actually close on the home, and there are a number of things that could occur that will Read More
Restaurant Law in Florida
Restaurant Law in Floirda may be quite complex. It not only involves understanding the restaurant business but also involves obtaining the proper permits, licensing and legal and regulation compliance. This legal aspect of the business is resturant law nad should be left to a lawyer who handles these types of matter. For Example, Shopping center space negotiations are not simple because the Landlords attempt to Read More
