Adding Names to the Deed
Owning a property is a significant milestone, and there are times when homeowners wish to share this ownership with others, be it due to marriage, inheritance, or other personal reasons. One common method to achieve this is by adding names to the property deed. Here's a comprehensive guide on how to ...
Removing Names From the Deed
Property ownership is not just about acquisition; it's also about the flexibility to adapt to changing circumstances. Whether due to a change in relationship status, estate planning, or other reasons, there might come a time when you need to remove a name from a property deed. Here's a comprehensive ...
Why is a Tenant Listed as a Defendant in a Foreclosure Lawsuit in FL?
When a lender brings a foreclosure action against a property owner in Florida, that lawsuit covers anyone and everyone who might also have a claim to the property. If you are living in a home that is being foreclosed on, the bank may include you as a defendant not because you will owe them any money ...
What is HAFA?
When homeowners realize they cannot keep up with their mortgage payments, and loan modification is not an option, there are still ways to avoid foreclosure. Thanks to the Home Affordable Foreclosure Alternatives program (HAFA), homeowners can work with their banks on other ways out of the property ...
What is HAMP?
The Home Affordable Modification Program, affectionately called HAMP, is a federal program passed in 2009 to help homeowners stay in their homes. This program was enacted in order to stem the alarming rate of foreclosures in the nation. With house values falling below what most people owe on their ...
Is a Tenant Obligated to Pay Rent to an HOA if Owner is Delinquent on HOA Dues in FL?
When you are renting a property and your landlord becomes delinquent with HOA fees in Florida, you might be worried that the HOA will foreclose on the property you are living in. This is a real and frightening possibility. However, it does not mean that you are entitled to stop paying your rent. As ...
Can an Unsecured Creditor Place a Lien on a Homestead Property in FL?
If you live in Florida and you have unsecured creditors hounding you for payment, you are protected from having your home foreclosed on so that payment to them can be made. Those creditors are legally able to put a lien against your property, but you will not lose it to foreclosure. The Florida Stat ...
What is a Special Warranty Deed in FL?
What is a Special Warranty Deed? A special warranty deed is a legal instrument used in real estate transactions that provides the buyer, or grantee, with a guarantee from the seller (grantor) against any legal issues or claims against the property that arose during the time the seller own ...
What is the Difference Between Signing a Mortgage and Signing a Promissory Note in FL?
Updated: 6/2/23 Real estate terms and words can become confusing, but it is important to know what you are talking about when you enter into a real estate transaction. In Florida, you might be signing a mortgage or a promissory note. Make sure you know the difference before you sign, because it c ...
What is a Quit Claim Deed?
A quit claim deed is a legal transaction that allows the owner of a piece of property to immediately transfer ownership to another party. The term describes the owner “quitting” his or her rights to the property. The party gaining ownership to the real property does not get any warranties as to the ...
