We work with many commercial lenders at my office. Not all lenders have an "appetite" for the specific collateral type and loan structure that you may want. For example, some lenders will loan to restaurants, gas stations, hotels, and others will not; some lenders...
My general advice to renters behind on the rent or owners behind on the mortgage is to reach out to the landlord or mortgage company. This demonstrates good faith on your part and hopefully a mutually acceptable path forward. The landlords and lenders I know...
If you want to loan money to someone (even a family member) secured by a lien or mortgage on the borrower's home, please consult with an attorney to properly structure the transaction. The Dodd Frank Act of 2010 severely limits these transactions and imposes severe...
Never, ever, ever buy Real Estate unless you receive an owner's title insurance policy. Even if you are buying from a trusted friend or family member, there could be prior unsatisfied liens or judgments unknown to the seller that impact the title. Title insurance is...
Do you absolutely need a real estate agent when selling your Property? No. Should you have a real estate agent when selling your Property? Depends. If you are confident that you understand the real estate market, know fair value, like to negotiate, willing to show...
There are always transaction costs associated with the sale of Florida Property. One of the largest costs are documentary stamps owed on the deed transferring title. This is a fixed rate of $.70 per every $100.00 of the sales price. For example, if the sales price...
I love real estate. I love helping people buy and sell real estate and representing lenders. I grew up in Brevard County. My friends' parents were often realtors, so some of that rubbed off on me. Florida was, after all, founded and developed as a real estate...
I hope 2024 was a successful year for you. Looking ahead to 2025, the thirty-year residential interest rates are expected to make a modest drop to the 5.4% to 5.8% range. The rule of thumb is that it does not pay to refinance unless you can reduce your current rate...
Florida drivers who have been convicted of multiple driving under the influence (DUI) offenses or drivers whose first time DUI conviction involved special circumstances (like an extremely high blood alcohol level) are typically required to install an ignition...
Individuals with highly-valuable personal property often expect to have a positive impact on others after they die. They believe that their resources should go to their loved ones who they named as beneficiaries or who should inherit as heirs under intestate...