In recent times, a notable surge in foreclosures has created a troubled trend for the housing market. This concerning development is raising questions about the reasons behind this increase and its impact on homeowners and the housing market. Economic uncertainty One...
Real Estate
3 common types of deeds
When it comes to buying or selling real estate, understanding the different types of deeds is important. Deeds serve as legal documents that transfer ownership of a property from one party to another. Several common types of deeds accomplish this transfer, each with...
What is the difference between a short sale and a foreclosure?
You might have heard terms like "short sale" and "foreclosure," especially when discussing the real estate market. Both these terms revolve around homeowners facing difficulties in keeping up with their mortgage payments. Yet, while they might sound somewhat similar,...
Common real estate title issues
If you have never purchased a piece of property, a home or other real estate, you probably wonder about the purpose of title insurance. Like humans, you will find that any property you look at has a history, from ownership to upgrades. Although title insurance has...
FAQs about buying a home with unpermitted additions
According to the National Association of Realtors, Floridians purchased roughly 287,000 homes in 2022. In such a busy real estate market, prospective homebuyers may occasionally encounter properties with unpermitted additions. While these properties may offer unique...
Options for foreclosure defense
Receiving a notice of foreclosure is stressful and emotional, especially when you have been in your home for many years. You might believe that you have no recourse against foreclosure, especially if you do not have the cash to bring the loan current. In fact, short...
Can a Chapter 13 bankruptcy save you from foreclosure?
Falling behind on the mortgage can happen to anyone, and foreclosure threats can be terrifying. However, Florida law has more than one way to protect you from losing your home. Filing for Chapter 13 bankruptcy during a foreclosure A Chapter 13 bankruptcy gives you the...
Can a short sale help with your foreclosure issues?
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...
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,...