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recent posts

How Do Tax Deed Sales in Florida Work? What Liens Survive?

Posted by DeWitt Law Firm, P.A. A tax deed sale is the sale of property for past due real estate taxes and fees associated with the sale. Each year, real estate taxes are to be paid by a predetermined date to avoid becoming delinquent. Once delinquent, the Tax Collector holds an auction to pay off […]

Earnest Money Deposits: Everything you ever wanted to know

Think of an earnest money deposit as a security deposit.  Once a home goes under contract, the seller will no longer seek other offers during the time the buyer needs in order to fulfill the contract.  In exchange for not advertising their property for sale, the seller wants some security that the buyer will not break the contract.  […]

3 Ways Buyers Can Lose Their Earnest Money Deposit?

1. You Waived Your Contingencies In highly competitive markets, it’s becoming more common for buyers to waive contract contingencies regarding financing or an inspection. You might be tempted to do the same if you’re really after a particular property. It will make you a more attractive buyer, but it also comes with serious risks. You […]

6 Times You Really Can Get Your Earnest Money Back

1. The house was appraised for less than expected One surefire way to get your earnest money back is to have an appraisal contingency. Your lender will want to have the property appraised to see if it’s really worth what you agreed to pay for it. If the estimate is lower, the lender will loan only up to the lower amount—which […]

14 Common Home Problems Buyers Should Look For

1. Roof Problems The roof is one of the most important components of the home. A damaged or poorly maintained roof can lead to serious problems, including water damage. Major roof repairs can be expensive, and should definitely be factored into the price of the home if they exist. The roof is an area that most […]

HUD Guidelines 24 CFR 206.125

What is HUD Guidelines 24 CFR 206.125? This property is a Fannie Mae Reverse Mortgage REO. The code above allows an heir to purchase the property at 95% of the listed price. Other stipulations of this type of property include: Property cannot be sold below appraised value (LIST PRICE) No mediation No electronic signatures No […]

Understanding Wood Destroying Organisms Inspection Reports

    *What is a Wood Destroying Organism Inspection Report? A Wood Destroying Organism (WDO) Inspection Report is a written report of an inspection on a home for visible and accessible evidence of an infestation or damage by wood destroying organisms. Usually this means subterranean or dry wood termites, but will also cover wood destroying beetles […]

What are the repercussions for failing to give the condo owner the required thirty-day notice, pursuant to Fla. Stat. § 718.121(4), prior to filing a Claim of Lien?

By: Charles B. Jimerson, Esq. Section 718.121(4), Florida Statutes, requires a condo association to provide a delinquent condo owner with a Notice of Intent to File a Lien, along with a thirty-day notice, prior to filing a Claim of Lien.  Section 718.121(4) was added to the Florida Statutes in July 2008, becoming effective at that […]

Fraudulent Lien Claims under Florida Law

By: Charles B. Jimerson, Esq. and Alban E. Brooke Florida’s lien law is an especially draconian area of the law.  Filing a lien is an invaluable tool to help you as a contractor, sub-contractor or materialman get paid on a construction job.  It can also get you into trouble unless the statute is strictly followed.   […]

The Complete Short Sale Process

The short sale process is still a mystery to many people, even after all these years. Lots of buyer’s agents are confused; puzzled buyers are looking for direction, and not every short sale listing agent knows how to do a short sale. You would hope that people have learned a thing or two about the […]