Purchasing title insurance in Florida is one of the more expensive components of your Florida real estate transaction, but arguably also one of the most important. If you are getting a mortgage loan to purchase your property, the lender is going to require you provide them with a lender’s title policy, which protects the lender, and for just an additional […]
To survey or not to survey, that is the question. If you are purchasing a single-family home, patio home or townhome via fee simple ownership, you should purchase a survey, plain and simple. The survey provides you with a wealth of knowledge, the most important likely is the actual boundaries of your home. You don’t have to purchase 100 acres […]
In our Florida real estate practice, we see lot of do-it-yourself documents used by people trying to save money. When it comes to valuable real estate, you should consult a licensed Florida real estate attorney when you prepare recording documents, especially deeds. There is specific granting language that is required for a deed to validly transfer ownership of real property […]
By Lisa J. Huriash A man targeted a deceased 96-year-old Tamarac woman without in-state relatives. He squatted, faked inheritance papers and eventually planned to sell her home. TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden […]
Florida is a popular destination for people who want to own vacation or second homes in the Sunshine State but maintain their legal residency outside of Florida. Many people who own property for years and when they pass away their estate would require the probate process if the owned property in their individual names. Florida Statute 734.102 governs ancillary probate […]
Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months. Source: Fla.’s May Housing: Inventory Up, Median Price Flat
If you don’t have a mortgage or owe any money on the property, you can gift the property to an LLC where you are the only member(s), and only have to pay the minimal Florida Documentary Stamp Tax of $0.70. If there are other members besides those currently on the deed, more than the minimum will be owed. If you […]
When a nonresident decedent dies with a Will in another state and leaves property, other than real property in Florida, which has a value less than $50,000.00, and two years have not passed since the death of the decedent; the personal representative of the estate can file a transcript of the foreign probate case and a copy of the Will […]
All personal representatives in Florida must be “qualified.” Generally, to be qualified in Florida to serve, you need to be the spouse of the decedent or related to the decedent. Mothers, Fathers, Brothers, Sisters, Uncles, Aunts, Nephews, and Nieces of the decedent can also qualify to be personal representatives in Florida. If none of these family members exist, the majority […]