Closing on Florida Real Estate: Seller’s Documents at Closing

| June 23, 2015

Selling your home or condo here in South Florida means marketing your residential property either by yourself (”For Sale by Owner”) or through a real estate broker to find a buyer who has the financial means (cash or mortgage loan) to pay for it. Depending upon the housing market, selling your condo, townhouse, or single […]

5 THINGS TO KNOW ABOUT WITH FLORIDA CLOSINGS

| June 16, 2015

Here in South Florida, closings on residential real estate happen every day: condos are purchased for retirement homes and as investment rentals; homes in neighborhoods like Coconut Grove, Brickell, and Palm Beach are sold to families that may be moving across town or from across the country. In Miami, there are lots of residential real […]

Big Changes In Florida Real Estate Closings: The HUD-1 Settlement Form Replaced With TRID

| June 9, 2015

On August 1, 2015, closings will be different here because of changes in federal law and replacement of HUD-1 Form As part of any closing on residential real estate (homes, condos, townhouses, vacation property, etc.)  federal law requires that buyers and sellers receive as part of their Closing Documents a “HUD-1 Settlement Statement” known by […]

Real Estate Closings: Negotiating Closing Costs

| May 26, 2015

Buying any home or condo in Florida, or any piece of residential real estate, means that the buyer and the seller must go through the “closing process,” which may be the only time, or one of the few times, that they have to go to a real estate closing. However, for the real estate agents […]

Inherited Property and Partition: When Your Brother or Sister or Other Heir Won’t Agree to the Sale

| May 19, 2015

In Florida, when a parent passes away owning real estate and they are the only owner or the only surviving owner, the property, whether it is the family home or the family vacation property, becomes part of the deceased parent’s probate estate.  In most circumstances, this means that the property can only be transferred to […]

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