It may seem like it is easy to transfer ownership of your home or office to someone else. However, the field of business law has specific requirements that you need to follow in order to transfer property legally. The act of transferring property in Florida to someone new is called conveyance. Your attorney will need to draft and record the appropriate deeds before the transfer becomes official.
When a family falls behind on their mortgage payment, they fear that they may lose their home through foreclosure. Unfortunately, foreclosure has become a reality for many Florida families. In the 12 months leading up to November 2016, Florida had the highest number of completed foreclosures in the U.S. with just fewer than 49,000, or 12 percent of the U.S. total. Real estate law attorneys can suggest alternatives to foreclosure, but that is not always an option.
If you have fallen behind on your mortgage, your lender may have filed a Notice of Default to force you to give up the home you love. Real estate law in Florida provides you with some alternatives to foreclosure.
One of the biggest purchases a person will make in life is a new property. Whether it be your first home or a new office for your latest business venture, leasing or buying property requires an in-depth knowledge of complicated real estate law as well as the process involved.
A short-sale in Florida occurs when a lender permits the homeowner to sell their home for less than the amount they owe. Short-sales are typically reserved for those struggling financially who need a way to avoid foreclosure. Many people rush to buy a short-sale or foreclosure home, thinking that they are getting the deal of a lifetime. However, those in real estate law know that this is not necessarily the case. Many short-sale homes require extensive renovations, which can cost buyers an arm and a leg.