Sometimes the transfer of ownership of real estate does not run as smoothly as one hopes. When a person finds themselves in a legal dispute regarding real estate, it is a very serious matter, as the real estate involved could be worth thousands or even millions of dollars. Therefore, it is important that those in Florida involved in such disputes have the assistance of an attorney who knows about the current state of real estate law and regulations and has handled a wide variety of real estate cases.
Prospective home buyers in Florida want to find a house that has all the amenities they need at a good price. Therefore, when a short sale home that has all the features they want comes their way, it is awfully tempting to snatch up that home at a price that is much lower than it would normally be. However, there are some things to look out for before purchasing a short sale home.
Buying a new home is an exciting time. After saving for a down payment, scouring the listings and all the meetings with the realtor, you’re finally able to sit down and close the deal. Of course, closing isn’t as simple as writing a check and signing a couple of papers. There are always more legalities, insurance items and additional costs to sort out. One of the most common questions in closing is about title insurance.
The burst of the housing bubble that contributed to America's "Great Recession" hit Florida homeowners hard. The nation's mortgage crisis meant that homeowners who could no longer afford their mortgage payments lost their homes to foreclosure. In recent years, America's economy has rebounded, and some fear we are headed to a second mortgage crisis.
Although finding property at a discount may seem tempting, it is wise to proceed with caution before signing papers and making a short sale transaction. Learning about a home that is in foreclosure or short sale could very well lead to a profitable purchase, there are several things that you should consider doing before making your purchase.