Investors interested in Florida’s housing market to generate income may consider buying residential properties to offer as rental units. Both cash and loans generally become part of the purchase transaction. As noted by The Mortgage Reports, lenders may review a...
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Riddell Law Group Blog
Common problems with property titles
Buying a house is a thrilling prospect. It marks your next chapter, full of new experiences and adventures. Unfortunately, complications can put a damper on the excitement. There may be problems with property titles that lead to trouble. Title insurance helps mitigate...
4 tips to help you succeed as the executor of an estate
When you agreed to assume the role of executor, you might have put the idea aside, thinking it would not happen for a long time. The time is now, however, and you feel apprehensive about your ability to take on this responsibility. Here are four tips to help you...
Which assets are subject to probate?
You have worked hard for the assets you have acquired during your life. Like many other Floridians, you want to leave some of your wealth to your children, other relatives, friends or favorite charities. Drafting a comprehensive estate plan helps to ensure your assets...
Is bypassing probate a good idea?
Hashing out an estate plan with your family's interests in mind may include diversifying your options. Since your estate likely goes through probate, figuring out ways to lessen the court's sway over your property may benefit your heirs. Probate is not bad, but it may...
What should first-time homebuyers know about party walls?
While home prices in some parts of the country are starting to plateau, they continue to increase in the Sunshine State. In fact, according to Florida Atlantic University, houses in the state sell for as much as 40.8% more than their actual value. This puts...
Conducting due diligence when buying real estate
Buyers and sellers may negotiate a due diligence period as part of their real estate contracts. Money magazine notes that the standard time given for buyers to review a property is 10 days. During this period, a buyer may back out of a contract without penalties. As...
Do home buyers need a land survey?
If you have ever searched for a new home, you know it can be an emotional experience. You find a house you love and begin to picture yourself there. You can imagine where you would place your furniture and what color you would paint the walls. Then the deal falls...
Do estates require formal probate?
In addition to grieving their losses and making funeral arrangements, families must often handle the final affairs of recently deceased loved ones. Much of this occurs through the court-supervised process known as probate. A potentially extended process, not all...
Handling a broken chain of title
A hot Florida real estate market motivates both buyers and sellers. However, property that changes hands frequently or is passed from one generation to another within the same family without a will may have legal issues, complicating a sale. According to Bankrate,...
