Homeowners in Florida sometimes fall on hard financial times through no fault of their own, causing them to fall behind on their mortgage. This can be a very distressing experience, especially if the threat of foreclosure is looming. However, homeowners may have alternatives that can protect them from foreclosure.
Residents of South Florida are starting to clean up from Hurricane Irma, which recently roared through the area. Those who were looking to buy or sell a home before the hurricane may wonder how South Florida's real estate market fared after the storm. They may be pleased to hear, then, that according to industry observers, while closings and home deliveries may experience a delay, it should not affect the market too much.
Whether you are buying your first home or selling one that you lived in happily for many years, any residential real estate transaction can be very emotional and personal in nature. Therefore, Davie residents may be surprised to hear that real estate transactions are generally "arm's length" transactions, so that they can be fair to both parties involved in the sale, and also so that they can be legitimate.
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.
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.