Falling behind on your mortgage and facing foreclosure is stressful. If you receive a notice of impending foreclosure, take action right away. There are options available to help avoid foreclosure, including a short sale. The short sale process allows you to sell the...
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Riddell Law Group Blog
How can you protect real estate from probate in Florida?
Estate planning is a thoughtful way to ensure distribution of your property follows your wishes after your death. If you want to ensure your real estate transfers ownership to someone without contestation, you have options to protect your loved ones from probate. Can...
The role of deeds and titles in real estate transactions
Documents such as titles and deeds play a crucial role in transferring and establishing ownership during real estate transactions. Understanding the differences between deeds and titles is important if you are buying or selling property. Furthermore, you should learn...
Frequently asked questions about short sales
Most homeowners secure loans from banks to pay for their homes. During financial hardships, owners may not keep up with their mortgage payments. Instead of risking a foreclosure, they can consider short sales. Since short sales differ from traditional home sales,...
3 tips for buying real estate-owned property
If property owners stop making mortgage payments, banks often want the property back. When the owners' location is unknown, lenders must repossess the property. These properties often get referred to as real estate-owned or REO properties. Banks have no use for empty...
Can you sell with a lien?
It is technically possible to sell a home with a lien, but depending on the type of lien and the amount of debt owed, a lien could prevent the sale. Lifting a lien can be time-consuming, so it is advisable to resolve any liens before selling a home. What is a lien? A...
Questions about quiet title actions
Someone who believes they have a right of ownership for a piece of real property can file a quiet title action to determine the rightful owner. A quiet title action is a legal proceeding filed in civil court against all others who claim ownership of the property. The...
3 signs the real estate market is cooling
The average sale price for houses in the Sunshine State has steadily increased over the past few years, putting homeownership out of reach for many. Indeed, if you are in the market for a new home, you have probably been waiting for the real estate market to cool. It...
How to deal with party wall disputes
If you live in a condo, rowhouse or another attached dwelling, you undoubtedly have at least one party wall. This wall is the one that straddles the property line between your unit and your neighbor's unit. As such, the party wall has two separate owners: you and your...
Why should you buy title insurance?
Purchasing a new home or piece of real estate is a major investment that can involve significant financial risk if not handled carefully. Title insurance protects both buyer and seller from problems with an ownership title that may have occurred before the transfer of...
