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What are the Required Landlord Disclosures in Florida?

The state of Florida requires landlords to provide the following disclosures to tenants, which you can usually find in either the rental or lease agreement. Owner/Agent Identity (Fla. Stat. Ann. § 83.50) Every landlord in Florida, or someone who is authorized to enter a rental agreement on hi ...

What Can a Short Sale Do to Your Credit?

While the real estate market is rebounding from the worst housing crisis to hit the United States since the Great Depression, hitting homeowners the hardest from 2007 to 2009, many people are still struggling to stay afloat financially and pay their mortgages. As unfortunate as it is, short sales ...

Florida Tenant Rights Protected Against Landlord Retaliation Explained

According to Florida state law, landlords are prohibited from retaliating against tenants. If you’re a tenant in a rental unit and feel your landlord is retaliating against you, read on to know your rights. What Rights Protect Tenants From Retaliating Landlords in Florida? In Florida, it’s il ...

What are the Florida Laws Allowing Entry by the Landlord to Rental Property?

If you live in an apartment, you have just as much of a right to privacy as any homeowner. Here’s a brief look at Florida’s laws concerning when and how your landlord may enter your rental unit. When Are Landlords Allowed to Enter Your Rental Property? Although your landlord doesn’t always ne ...

The Effects of Foreclosure on Your Taxes

In most cases, paying more taxes means that you’re earning more income. Depending on your specific situation - perhaps you’ve received a bonus at work or even won the lottery - that can be a good thing, since you’ll still come out ahead financially even after getting taxed by Uncle Sam. While pay ...

Tampa FL Foreclosure Rates Still Rank High Nationally

According to a report issued by the real estate data provider RealtyTrac, Tampa Bay’s November foreclosure rate in 2015 was the sixth highest among metropolitan areas across the nation – at a rate of about one in every 512 housing units. The five metropolitan areas in the country to top Tampa on ...

Mortgage Forgiveness Debt Relief Act Extended to Cover 2015 and 2016

Thanks to a spending bill signed by President Obama on Dec. 18, 2015, the Mortgage Forgiveness Debt Relief Act has been extended to Dec. 31, 2016. The extension will also retroactively cover mortgage debt that homeowners canceled in 2015. The Mortgage Forgiveness Debt Relief Act helps homeowners ...

The Mortgage Forgiveness Debt Relief Act and Cancellation of Debt

If you owe a debt to someone and he or she forgives it, that amount could be taxable. The Mortgage Debt Relief Act of 2007 lets taxpayers exclude income from the discharge of debt on their primary residence. Forgiven mortgage debt from a foreclosure and reduced debt through mortgage restriction b ...

The US Treasury Department’s ‘Hardest Hit Fund’ Explained

When the housing market crashed in 2007, millions of homeowners faced the risk of foreclosure as a result of declined property values and high unemployment rates. The worst part of the crisis lasted until 2009, and a year later the Obama administration launched the ‘Hardest Hit Fund’ to help those i ...

4 Things to Know About Quitclaim Deeds

When a house is transferred from the previous owner (the grantor) to the new one (the grantee), it’s done so with a property deed. Although there are many classifications and comparisons for a deed, most property deeds are considered private. Deeds are also classified according to the type of title ...

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