3 Types Of Unconventional Mortgage Agreements

| January 6, 2016

Most people in Florida give a mortgage as security to finance the purchase of their new single family home or condominium. It’s a relatively simple process: the buyer finds a conventional mortgage lender; applies for the loan; furnishes the necessary documentation to the bank (tax returns, proof of employment, credit report, etc.); the home is […]

Real Estate Listing Agreements: What Happens When An Agent Circumvents the Law?

| November 10, 2015

Last Update: 04/18/16 It’s not news that Florida real estate professionals do bad things. Don’t get me wrong, there are solid professionals selling homes and condos here and then there are bad apples, too. Unfortunately, there are more real estate wrongdoing happening in Miami-Dade, Broward, and Palm Beach counties than you might think. All Florida […]

Real Estate Brokers And Agents Must Be Licensed In Florida!

| October 20, 2015

Last Update: 02/22/16 Florida law requires that all real estate brokers and real estate agents not only get licensed by the State of Florida in order to do business here, but that they keep up those licenses with through continuing education. For example, there have been big changes this year with the new “TRID” rules. […]

Do Sellers Have A Lot of Responsibility When They Sell Their Home?

| October 13, 2015

Last Update: 02/22/16 In most every real estate transaction in which a seller signs a Florida Realtors/Florida Bar Contract, the seller makes several representations and warranties to the buyer. Most sellers are unaware of these representations because all they see are 11-20 pages of pre-printed black text on white paper and the only real issue […]

What Is A Florida Lis Pendens?

| September 15, 2015

One big surprise that often appears in the chain of title to real property that is being sold here in Florida (condos, townhouses, and single family residences) is a “Notice Of Lis Pendens.”  Unfortunately, the discovery of one of these notices, in many instances, catches just as many sellers off-guard as they do prospective buyers. […]

When Florida Home Buyer Discovers His New Property Floods: A Case of Fraudulent Misrepresentation

| August 18, 2015

Last Update: 04/18/16 Here in South Florida, flooding is a big problem — something that buyers and investors from other states or other countries may not experience. Not only do we have the threat of hurricanes swooping in with tons of water, there is also the factor that parts of our state are wetlands and […]

When Your New Home Isn’t What You Expected: Misrepresentation by a Real Estate Agent

| August 11, 2015

Last Update: 04/18/16 Here in Florida, real estate transactions take place every day. Closings and people moving into new homes are happening all of the time in the Miami Dade – Broward – Palm Beach areas. A lot of these transactions are first time residential home purchases, where new buyers are excited about owning a […]

Misrepresentation by a Real Estate Professional: Claims for Negligent or Unintentional Misrepresentation

| July 28, 2015

Last Update: 04/18/16 Have You Been Harmed? Negligent misrepresentation by a real estate agent or broker can also be described as an unintentional misrepresentation; where the agent or real estate broker communicates something that is not accurate or true, but they are not doing so knowingly. In these situations, the real estate professional does not […]

Three Common Issues With Mortgage Financing and Florida Residential Closings

| July 7, 2015

Last Update: 02/22/16 In South Florida, most residential real estate closings involve a buyer obtaining a home loan to finance the purchase.  When the homeowner obtains a mortgage he or she gives the bank a lien on the property until that loan is paid in full. This mortgage also gives the lender the right to […]

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

| June 23, 2015

Last Update: 02/22/16 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, […]

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