Category Archives: Real Estate (Commercial And Residential)
Waiving a Real Estate Appraisal Contingency: Be Careful
If you’re buying a home, the home will need to be appraised. Many of us don’t give much thought to the appraisal. But in a tight real estate market, with buyers vying for a limited supply of houses, many buyers are trying to be more competitive by waiving what is known as the appraisal… Read More »
The Benefits of Tenancies by the Entireties
When you buy a house, one thing to consider is how to own the house, if you are buying it with someone else. If that someone else happens to be a spouse, you’ll have another option—the option to purchase and title the home in both of your names, as a tenancy by the entirety,… Read More »
The Good and Bad of the Realtor’s Lawsuit Settlement
You may have heard that the National Association of Realtors (NAR) just recently settled a major class action lawsuit, and that the outcome of the suit will likely alter home prices. But what does the settlement actually mean, and what was it about? Realtors Commissions As you likely know, when you buy or sell… Read More »
Escrow Agents Often Find Themselves Involved in Interpleader Actions
Real estate litigation is unique because unlike most lawsuits that involve a dispute over property or assets between two people or parties, with real estate there is often a third party: an escrow agent, or even a realtor. What is an Escrow Agent? An escrow agent is a party that is neutral to, and… Read More »
You May Need to Go to Court to Foreclose on Government Property Liens
If you buy foreclosed properties, or properties with tax liens and sales, there is a new federal court decision to be aware of. That case is not a Florida case, but likely will affect the validity of liens here in Florida, and the ability to get title insurance for certain types of property. Judicial… Read More »
Second Liens and Foreclosures: Investors Beware
Although the days of mass foreclosures are thankfully over, that doesn’t mean that buying foreclosed property isn’t a good idea. It certainly can be a good investment and a good way to make good money. But one thing that many investors of foreclosed property aren’t aware of, is how second liens in foreclosure can… Read More »
1031 Exchanges Can Help You Flip Real Estate
So you have it figured out: you’re going to make money flipping real estate. Buy, fix up, and sell for a profit. All of the profit that you make off one deal, you roll over into the other. Except you can’t roll everything you make in one deal into another. That’s because all of… Read More »
Property Deeds: They Aren’t All the Same
When you sell or purchase real estate you probably already know that the deed to the property transfers from one person to another and that the deed is recorded in the public records. But a deed is not just a deed; there are actually various kinds of deeds, all which serve a very specific… Read More »
Surveys: Why Do You Even Need Them?
There are a lot of steps to the typical real estate closing. One of those steps is the survey. This sounds like a useless requirement. After all, property lines should be well established, and it doesn’t look like anybody’s stuff is going onto anybody else’s property. There doesn’t appear to be any fighting over… Read More »
What’s Your Home Worth? Look at the Address Name
One of the best things about buying property is that it isn’t just a place to live, but also an investment. With any luck, and barring any catastrophic economic meltdown, your home will go up in value as you live in it. But how much will it go up? The answer may depend on… Read More »
