Buying Your First House? Understand Your Mortgage Options

If you are a first-time homebuyer, the joy of owning your own home can be particularly overwhelming. For most people, however, the dream of becoming a homeowner is often thwarted by insufficient funds. Fortunately, there are certain programs for first-time homebuyers that you can take advantage of if you live in Florida. Here are a few.  FHA Loans FHA loans are offered by the Federal Housing Administration. This program allows you to pay ...
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Zoning Law 101: How to Obtain a Zoning Variance

Zoning variances provide administrative relief from zoning requirements that would present unique difficulties for a property owner when strict compliance is enforced. It essentially allows the property owner to disregard a specific ordinance provision after the Zoning Board of Appeals conducts its investigations. Variance requests could include things such as relief from parking, building height, setback, and landscaping requirements.  The ...
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4 Benefits of Having an Attorney Help You Close a Real Estate Sale

If you are planning to buy a new home, you will probably encounter a lot of new information and details that might be a little too complicated. A real estate attorney can help you avoid costly mistakes and ensure that you do not get the raw end of the bargain. Here are 4 reasons you should have an attorney help you close a real estate sale. 1. Negotiating Contracts Contracts are an essential part of any real estate sale. When buying a ...
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“I’m Underwater on My Mortgage. What Are My Options?”

Buying a house is one of the most important decisions you'll ever make. A home gives you shelter and a place to raise a family. The quandary is that most of us cannot afford to make a lump sum payment on this investment, and so we choose the seemingly more convenient alternative – a mortgage. But what happens when everything falls apart along the way and your loan surpasses the current value of your home? Do you abandon ship or ignore the ...
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Short Sales: What are They and How Do They Work?

If you are ‘underwater’ on your mortgage, meaning you owe more than it is worth, it can be a difficult situation to overcome. If you’re falling behind on your payments, and believe a foreclosure may be in your future, you do have some good options. One of the solutions that works well for people is to seek a short sale. Simply explained, a short sale is when you sell your home to another party for less than what is owed, with permission from ...
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5 Things to Know About Mortgage Modification

If you are having trouble making your monthly mortgage payments, you may want to consider seeking a mortgage modification. There are several modification options that mortgage companies can offer, each of which can help you to get caught up and arrange payments that are more affordable going forward. When first looking into this option, many people become overwhelmed with all the information. To get started, take some time to learn the following ...
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Selling Your Home: 6 Tips to Help You Maximize the Appraisal

When getting ready to sell or refinance your home, one of the first things you’ll need to do is have it appraised. An appraisal provides you with the general value of the home, which is then used by banks for approving loans and has a big influence on the property’s asking price. With this in mind, you want to do everything you can to maximize the appraised value. The following tips can push the appraised value of your home up by thousands of ...
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What Could Go Wrong?: The Dangers of Purchasing a Home Without Legal Guidance

Home ownership is a serious undertaking with a long list of potential perils. While many home buyers don't think to involve a lawyer until after a deal is made, you actually run several risks when you purchase a home without legal guidance. Take a look at some of the possible dangers that can arise when you buy a home without legal counsel. Unexpected charges Many people are reluctant to hire lawyers because of the expense, but have you ...
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5 Common Issues that May Turn Up During a Title Search

The process of purchasing a home can be quite complicated, but one step that many people really don’t understand is the title search. While it may appear that it is a waste of time and money, nothing could be further from the truth. When done properly, a title search can discover a number of issues that could save you from significant problems in both the short term and down the road. The following five issues are surprisingly common, and ...
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Buying Real Estate in Florida through Probate

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 information at the courthouse or ...
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