Mounting debt can be difficult to deal with, especially when you're subject to seemingly endless creditor harassment. In this case, you may be thinking about filing for bankruptcy. While bankruptcy might not be right for everyone, it can be a good option for people...
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Retail store closures result in employees losing jobs and income
A Sarasota, Florida, tire store filed for bankruptcy protection after 45 years in business and left its 35 employees without a source of steady income. As reported by the Sarasota Herald-Tribune, the business owner claims he had no choice; the abrupt closure of his...
Thinking about becoming a short-term rental host?
Do you have a spacious pool house that would be perfect for a vacation getaway? Perhaps you have thought of listing it on HomeAway or Airbnb to get some income from your real estate investment. Rather than being a passive way to make money, renting property on a...
What is a 1031 Exchange?
What is a 1031 Exchange? Individuals and companies who sell appreciated property (real estate or personal property) are subject to capital gains tax under the Internal Revenue Code. Under IRS’s 1031 Exchange rules, however, an exchange is not considered to be a sale...
Great news for October! – SAR Report
Great news for October 2013….sales of single family homes are up and so is the median price of single family homes as compared to this same time last year!The results tell us that more Buyers may be entering the real estate market due to increased concern that...
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...
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...
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,...
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,...
Tax Talk for that “Fuzzy” Time of the Year!
Ad-Valorem vs. Non Ad-Valorem Taxes. Although Sarasota County residents receive one tax bill, it covers ad valorem and non-ad valorem taxes. Ad-valorem taxes, simply put, are for the dirt. Non ad-valorem taxes are for services, like garbage collection, storm water,...