Rational Renting – Part 2

Continued from Part 1 2)      Not Having (and Keeping) a Written Lease in Place This one seems like a no-brainer, but there is a lot more to avoiding this pitfall than meets the eye.  Every landlord should execute a written lease with their tenant before the tenant moves into the unit.  This lease should contain…

SAR Smart Lunch

A quick recap from Attorney Cynthia Riddell’s presentation at the Sarasota Association of Realtors Smart Lunch Seminar on Wednesday this week. To download the above presentation materials simply click on the links below Doc 1: CFPB Comparison Chart of Ability To Repay Requirements with Qualified Mortgages Doc 2: CFPB Sample Loan Estament Doc 3: CFPB…

RLG Bulletin Attorney Update – 2014 HUD changes

On November 20, 2013 our world as Real Estate professionals, Title Agents and Mortgage Brokers understood it completely changed…. The Consumer Finance Protection Bureau or (CFPB) published over 1,000 pages which constitute the final rule relative to certain disclosures consumers closing on a loan and consumers applying for loans shall receive.  The Dodd-Frank Wall Street…

Rational Renting – Part 1

What is an owner to do with that vacation property when they stop vacationing there?  What sustains an investment in an apartment building or multi-family housing?  What seems to be the most common real estate activity where people still struggle?  The answer to all 3 questions is one word: Rental. The rental of real estate…

Buyer and Seller Representation

Do you know that we offer buyer and seller representation in those closing situations where the other party has selected the closing/title agent? For a reasonable fixed fee, we represent the buyer or seller throughout the sale transaction, including contract review, assistance during the pre-closing process, document review prior to closing and attendance at closing. This service should be of particular interest…

Seller Representation

We’ve been doing a lot of seller representation in recent months. For those of you who haven’t utilized this service, the premise is simple: for a flat fee, we represent your sellers during their sale transaction, which includes attending the closing, reviewing documents in advance and resolving any issues that may crop up in the pre-closing phase. We can also do…

Thoughts on Post-Closing Escrows

Post-closing escrow hold backs are a potential minefield for everyone involved and should be avoided whenever possible. Even the most finely crafted escrow agreement might not cover all the contingencies the parties anticipated, and the collective memory is short. So, where possible, use a credit at closing instead of an escrow to be disbursed later. If it is simply not…