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...
Building Lasting Relationships.
Riddell Law Group Blog
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...
How do commercial and residential real estate differ?
Residential and commercial real estate both offer unique options to those intending on getting into the industry. It is important to understand how these options differ from one another. Knowing the benefits and potential drawbacks of each one may allow you to make...
Do I need permits when remodeling my home?
A home remodel can be a stressful situation. But it can become even more upsetting when you learn you have to undo your work or pay large fines because you failed to get the proper permits. According to the City of Sarasota Building Division, you may need a permit for...
Can someone left out of a will receive an inheritance?
Sometimes, when a loved one dies, the estate plan he or she leaves behind is full of surprises. Some people feel like they cannot express their true feelings while they are alive, so they use their wills to do so. Because of this, you may find yourself left out of a...
Acquiring residential properties to generate revenue streams
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...
