If someone dies in another state and owns real property in Florida, chances are they need to file an Ancillary Probate Administration in Florida. This is true, even if they have already filed a probate case in another state, and even if there is already a personal representative for the estate in another state. Personal Representatives appointed in states other […]
Florida Documentary Stamp Tax is due on transfers of real property from a trustee on behalf of a trust or to a trustee on behalf of a trust. The important distinction in these transfers is whether any change in the beneficial ownership of the real property has occurred. The most common trust vehicle present today for estate planning purposes is […]
Introduction to Wills What Happens if You Die Without A Will? If you die intestate (without a will), your state’s laws of descent and distribution will determine who receives your property by default. These laws vary from state to state, but typically the distribution would be to your spouse and children, or if none, to other family members. A state’s plan often […]
Buyers may need to shop around for a mortgage. If clients pulled money from a regional bank or deposits went down, the bank may make it harder to qualify. NEW YORK – Banking center unrest could make it more difficult for some consumers to get a mortgage loan or a loan for other big-ticket items. Real estate agents report increased […]
FHA Announces New Lower Mortgage Premiums By: Matthew Graham Wed, Feb 22 2023, 2:14 PM Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD Secretary Marcia Fudge made the announcement today at Bowie State University. […]
FHA Want to Improve Its 203(k) Rehabilitation Loan FEBRUARY 15, 2023 By Kerry Smith FHA wants to hear from the public on ways to improve its Single Family 203(k) Rehabilitation Mortgage that rolls home upgrade costs into a buyer’s first mortgage. WASHINGTON – The Federal Housing Administration (FHA) published a Request for Information (RFI) in the Federal Register seeking public comments on […]