Escrow is a fact of life for many people, especially mortgage escrow accounts. Often, your escrow account simply runs in the background. You might not give it a second thought unless something goes wrong. You make your mortgage payments, some of it goes to the lender, and the other goes to the escrow service. Eventually, [...]
Buying a house is daunting. The entire process can be complicated. It’s also a process many people aren’t prepared for. There are so many different elements to buying and selling a property. From the home inspection and an offer to getting a mortgage approved, there’s a lot involved. One of the hardest elements to get [...]
When it comes to renters, Florida has one of the highest populations in the country. Of the 19 million people living here, more than 2 million are renters. While the state boasts one of the largest populations of tenants, the landlord-tenant law in Florida is somewhat vague for landlords trying to get their rent. Knowing [...]
Before you start a business in an industrial area in Florida, you need the proper licenses, permits, and regulations. While regulations vary from one industry to another, it’s important to understand the zoning and land regulations in the area where your business is to open. Failing to comply with regulations can result in a costly [...]
A foreclosure refers to the process where a lending institution attempts to recover a portion of outstanding mortgage from a homeowner who’s defaulted on the loan. Typically, the lender will sell that property at a foreclosure auction. For real estate investors and home buyers, it’s often a good opportunity to buy low. However, buying a [...]
Around the country, families are turning to different forms of debt relief to keep their properties and avoid bankruptcy. In the second quarter of 2018, more than 188,000 people filed for foreclosure. There’s no denying that foreclosure is traumatic for everyone, not to mention the fact that it can lead to a bad credit score. [...]
A simple contingency written into your contract can assure you of special protection in a home-buying situation. Principal Law has stated previously that you should have a real estate attorney represent you when you buy a home. Insure this influence by including a contingency for your attorney’s review of the contract before it becomes binding. [...]
