Tag Archives: West Palm Beach Real Estate Lawyers
The Florida Foreclosure Process
Florida has one of the highest rates of foreclosure in the nation. If you are at risk of losing your home, it is essential to understand the foreclosure process in the state. Mortgage Generally, when a person purchases a house or other property, there is a promissory note and a mortgage. The note is… Read More »
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 »
Same-Sex Marriage and Title Issues
Same-sex marriage has been legal in Florida since January. For newly married same-sex couples, this creates many changes, including in the worlds of asset protection and estate planning. One important issue to consider in this realm is how property is titled. This is especially important when dealing with high-value property, such as houses and… Read More »
South Florida Condo Market Goes From Sizzling Hot to Just Warm
Real-estate watchers in South Florida are predicting a softening of the region’s once-hot condominium market. There’s already evidence of that happening in Miami-Dade County, where the Miami Downtown Development Authority (MDDA) has been tracking the trend. The Miami Herald, citing the latest study by the development agency on market conditions, reports that a combination… Read More »
Default Notice sent to the Wrong Address Kills Foreclosure
Deutche Bank Trust Co. lost a foreclosure trial because it sent a notice of default to a post office box rather than the property address which was the address noted in the mortgage as the official notice address. The mortgagor’s attorney argued that the bank violated the express terms of the mortgage by sending… Read More »
INDUSTRIAL REAL ESTATE BOOMING IN SOUTH FLORIDA
This is a good time to own industrial property in South Florida. The Daily Business Review reports that warehouse and distribution space has emerged as one of the most attractive income producing assets thanks to rising rents, booming demand, low vacancies, interest from national tenants and multimillion dollar improvements in South Florida ports and… Read More »
South Florida Real Estate Project Part of Larger Trend Reinventing Cities
Plans are moving forward for a massive development in downtown West Palm Beach that’s expected to turn 6 acres of underutilized land into a 1.1 million square-foot village of hotel rooms, retail shopping, and restaurants. The Palm Beach Post reports developer Michael Masanoff recently received unanimous approval from one of the government entities that… 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 »
Law Enforcement Takes Aim at Questionable Financial Rescue Plans
It’s the kind of story that makes lawyers across the country cringe. Earlier this month, a South Florida law firm came under fire for supposedly operating a fraudulent mortgage rescue scheme, bilking consumers at a time when they needed sound financial help the most. Miami Firm Sued The firm in this case is run… 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 »