Tag Archives: Boca Raton Real Estate Attorney
Florida Court Extends Mandatory Disclosure Rules
In Florida, failing to disclose known defects in the sale of real property can have serious repercussions, including contract rescission and the payment of money damages. A recent Florida court decision extended disclosure requirements to transactions made where the buyer agree to purchase the property “as is.” Mandatory Disclosure In Florida, sellers must disclose… Read More »
Florida Real Estate Closings
In any real estate transaction involving the sale of property, federal law requires that both buyers and sellers receive certain closing documents before the sale can officially be finalized. Prior to October 1st, the closing documents included the “HUD-1 Settlement Statement.” However, since the passage of the Dodd-Frank Act in 2010, the Department of… Read More »
Terminating a Condominium Association
Although large scale property development has made a gradual comeback in recent years, in many instances, it is still more profitable for a developer who owns a majority of condominium units to terminate the association and sell the property for convergence to rentals. Unfortunately, this process can be complicated and does not always serve… Read More »
Encumbrances on Real Property
If you decide to purchase real property, it is very important to be aware of any encumbrances on the property. An encumbrance is a claim against property held by someone who is not the owner of the property. Encumbrances affect title, meaning that the owner’s rights to the property are limited in some way,… Read More »
The Importance of Using a Lawyer in Real Estate Transactions, Part 2
Real estate transactions in Florida are governed by both state and federal laws and involve many parties, from the buyer and seller to the title insurance company to the lending institution providing a mortgage. Buying or selling a house is often the biggest transaction a person will ever make, and getting it right is… Read More »
The Importance of Using a Lawyer in Real Estate Transactions, part 1
For many people, buying a house is the most expensive purchase of their lives. From the brokerage contract to closing, buying and selling a house involves many issues of law that most people are not familiar with. Real estate attorneys have the experience and knowledge to ensure that this important transaction goes as smoothly… Read More »
Forecast for Real Estate Market in 2015: Mostly Sunny
When it comes to making predictions about what’s in store for 2015, economic analysts are forecasting good things ahead for the U.S. real estate market. A new report, Emerging Trends in Real Estate 2015, pretty much summed up the mood in the title of Chapter 1: “Sustaining Momentum But Taking Nothing For Granted.” Florida… Read More »
Reasons for Optimism in Commercial Real Estate Market in Florida
The U.S. commercial real estate market is poised to end 2014 on an upbeat note. That’s the conclusion of a new report just released by the National Association of Realtors. The organization collects data from its members on commercial real estate transactions along with information on current economic challenges members face. The latest Commercial… Read More »
Citigroup Pays a Price For Role in Mortgage Crisis
Citigroup has become the latest major financial institution to reach a multibillion-dollar settlement with the U.S. Justice Department for its role in the mortgage foreclosure crisis that rocked Florida’s housing market – and the American economy overall. Unfortunately, most of those hardest hit by the debacle – consumers who’ve already lost their homes to… Read More »
