Empowering Seniors with Financial Flexibility Reverse mortgages offer seniors the opportunity to access their home equity without having to sell their homes. The Home Equity Conversion Mortgage (HECM) stands out as the only federally insured reverse mortgage, managed by the Federal Housing Administration (FHA) under the Department of Housing and Urban Development (HUD). The Basics…
Continue reading ›Understanding the Intricacies of Florida’s Foreclosure Laws Foreclosing on multiple properties can be a complex process, particularly in Florida where specific rules and exceptions apply. Whether you are a seasoned investor or a novice in the real estate market, it’s crucial to understand these legal nuances to navigate foreclosures effectively. Foreclosing on Properties in Separate…
Continue reading ›In the intricate world of legal proceedings, the appointment of receivers is a crucial step in safeguarding and managing property during litigation. Florida’s Uniform Receivership Act, codified in F.S. Chapter 714, has brought clarity to the procedures, requirements, and powers of receivers, ensuring uniformity across case law. Considering the Need for Receivership The need for…
Continue reading ›When facing a lien foreclosure claim, it’s crucial to know your defenses. While the situation may seem daunting, understanding the practical defenses available can be empowering. Here’s a detailed look at some defenses recognized by Florida courts: Application of Payments Disputes often arise over how payments are applied. Associations have statutory guidelines prioritizing payments first…
Continue reading ›Are you considering purchasing property within a community association in Florida? If so, you might encounter an essential document known as the estoppel letter, or more formally, the estoppel certificate. This blog post aims to demystify this crucial piece of paperwork and explain why it’s indispensable in the real estate transaction process. What is an…
Continue reading ›Often times foreclosure proceedings are filed against real property when the titleholder has passed away. In such cases, unless the titleholder held the property jointly with rights of survivorship or by the entireties, the title to the real property passes to the titleholder’s beneficiaries. Consequently, these beneficiaries become indispensable parties to the foreclosure proceedings. For…
Continue reading ›1. How much does a foreclosure defense attorney cost? In general, law firms defend foreclosures on a flat fee basis or other arrangement agreeable to the client and the firm. You can expect to pay several hundred dollars a month in most instances. It is important that a firm provides value to the client in a difficult…
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