When the Florida constitution was amended in 1992, a provision was adopted that limited ad valorem taxation on Florida homestead property. The constitutional amendment is codified in Section 193.155, Florida Statutes. The purpose of the provision was to protect Florida residents from being priced out of their homes due to […]
The goal of this bill is to streamline the process of short sales, deeds in lieu of foreclosure and loan modifications. Section 105, Neighborhood Stabilization Program, states “Each State shall be permitted to use the funds to address statewide concerns….” Each State and local government, however, is limited to using a maximum […]
As you are aware, real estate purchase and sale contracts have many contingencies. They may be contingent upon inspections, delivery of deposits, financing, delivery of marketable title, approval from various associations and the ability to tender the funds necessary to close. Certain versions of the purchase and sales contract treat […]
There are many critical parts to a residential real estate transaction that must fall into place in order for the closing to take place smoothly and on time. The first time home purchaser or novice residential real estate investor may not understand what goes on behind the curtain. While angst […]
