Florida does not require parties to hire a Real Estate Attorney like some states. It’s important to note that hiring an attorney may help expedite the process, as well as protect the real estate buyer’s and seller’s interests. A title insurance company is an...
Real Estate
Buying a foreclosed property at auction with a federal tax lien?
You are the winning bidder for a great price on a property at an auction. You have done minor repairs and upgraded the kitchen so you are ready to flip the property. However, during the sale, the title search shows a federal tax lien attached to the property. Now...
Can I use a Power Of Attorney to sign a note, mortgage, or deed?
Yes, you can use a power of attorney to sign a promissory note, mortgage, or deed. A power of attorney is a legal document authorizing someone else to act on your behalf. You are called the principal, and the person authorized to sign on your behalf is called the...
Top 6 Mistakes Buyers Make When Purchasing a Home
Not Using an Attorney – Unlike the other people involved in the transaction, only an attorney is licensed to give legal advice. The average Residential Contract for Sale and Purchase is overflowing with legal jargon and contains over 11,000 words. While a real estate...
Top 6 Mistakes Sellers Make When Selling a Home
Failing to Disclose – Most lawsuits following the sale of a home involve the failure to disclose defects. For example, if you know flooding occurs in the garage after a rainstorm, you have a duty to disclose it to the buyer. Failing to disclose it could result in you...
The Klein Advisor – December 2016
Why Listing your Home During the Holidays Might be the Best Time According to a Redfin study, houses listed from Dec. 21 through March 21 had a 9% greater chance of selling within 180 days closer to the asking price versus homes put on the market from March 22 through...
Clients Keep Home After Fierce Argument Over Florida’s Homestead Protection Law
A husband and wife (which we refer to as “Ron” and “Julie” - but these are not their real names) recently came to our office with little hope that their home could be saved. Their difficult situation started years ago in Virginia after Julie sold her business. The...
Fannie Mae Economist Tells South Florida Real Estate Execs To Expect A Bright 2016
Doug Duncan, the chief economist for Fannie Mae, told South Florida real estate executives that 2016 has the potential to be a pretty good year for them. Duncan addressed seminar attendees this month in Fort Lauderdale and forecasted that rising wages being seen in...
Buy, Hold or Flip: 2015 Real Estate Predictions
The U.S. real estate market has taken investors on an interesting roller coaster ride these past couple of decades. In the booming economy of the early 2000’s, property values skyrocketed to double and triple times their original worth, followed by the free fall of...
