If You're Not Interested in Keeping a Condo and You're Current on Payments, What Options Do You Have??
For many property owners with a mortgage in negative equity, letting the home fall into foreclosure may seem like their only choice. But if you’re struggling to keep up with mortgage payments on a home that is worth less than what you owe, it’s important to know that you do have other options. Here ...
What Happens if There is a Surplus of Proceeds From a Foreclosure Sale
Surplus proceeds refer to the extra money that remains after a foreclosure sale once all the debts secured by the property have been paid off. This situation can arise when the foreclosure sale price exceeds the total amount owed on the property. According to Florida Statutes 45.032 and 45.033, the ...
What is a Defective 3 Day Notice?
Per Florida law, property-owners must give tenants notice to vacate before carrying out an eviction. In Florida, the three-day Notice is the most commonly applied method of serving formal notice to evict when tenants have defaulted on their rent and Florida statute provides a strict format for what ...
Can a Landlord Alter a Lease Before it Expires?
Florida law dictates that your landlord cannot alter your lease before it expires without a valid reason. Your lease is a legal, binding contract and save for special circumstances, if that contract is valid and has not expired, your landlord generally cannot force you to sign an agreement changing ...
Can a Title Company Refuse to Release Funds if You have a Cancellation of Contract Signed by Both the Buyer and Seller?
Updated: 6/2/23 In the context of real estate transactions, a title company plays a crucial role, particularly in handling escrow. When a buyer makes a purchase offer, they are often expected to include an earnest money deposit. This deposit serves as a demonstration of the buyer's serious i ...
Does a Quitclaim Deed Have to be Recorded to be Valid in the State of Florida?
As far as real estate transactions go, quitclaim deeds play a pivotal role, especially when it comes to the swift transfer of ownership interests in land or real property. However, a common query arises regarding the validity of these deeds, particularly in the context of their recordation in the st ...
What is a Case Management Conference in the Foreclosure Process?
If you, or someone you know, is going through the foreclosure process you may have heard the term “case management conference”. If you are wondering what that is, here’s the answer. In terms of foreclosure, a case management conference is when both parties meet to talk about the foreclosure case ...
If You Try to Buy a House from HUD and the Lending Doesn't Go Through, Are You Still Responsible for the Title, Lien and Survey Search?
Although buying a house already sounds scary, your heart might drop a little bit when your lending doesn’t go through. The question that people ask themselves is, if I am trying to buy a house from HUD and the lending doesn’t go through, am I responsible for the title, lean, and survey search? Th ...
If Your Foreclosure Case is Coming Up for a Final Sale Date is Filing a Lawsuit for Force Insurance a Viable Delay Tactic?
Foreclosures can be a lengthy, stressful process in which all sides stand to lose. Chances are your lender wants to work it out as much as you do; it is easier and cheaper to come to an amicable agreement then to have a drawn out slugfest play through the court system. But if you’ve been hit with a ...
When Purchasing a Foreclosure Auction Property, How Long Does the Previous Home Owner Have to Vacate and What Can They Legally Take With Them?
Purchasing a home at auction can be a profitable investment, but many would-be buyers are not aware that buying property is only the first step to possessing it. If you recently purchased property at foreclosure auction, then you may be surprised to find that the previous homeowners have not vacate ...
