Some people believe that buying and selling real estate in the state of Florida can be successfully completed without the assistance of a qualified real estate attorney, since there are no laws mandating legal representation. But because commercial and residential real estate transactions are often complex, and several government agencies monitor such acquisitions, it is best for any party involved to retain the services of an experienced
There are only a few states that allow homestead exemptions, and Florida is one of them. The two types of homestead exemptions available to property owners in Florida are:
When one is buying a new home, the question often arises regarding whether or not the deposit should be placed in escrow or if the funds should be released to the builder. Under Florida law, buyers make the choice and must indicate in writing which option they are choosing.
The decision relies on several factors, including the buyer’s risk tolerance and the likelihood that the builder will complete the project if he must borrow the money. If the buyer decides to put the money in escrow, the builder has the right to charge the purchaser the builder’s cost of borrowing the money, less any interest obtained while the deposits are being held in the bank.
Owning your own residential or commercial real estate property is the American dream. When it comes to closing of your property, you can’t afford to take chances on missing information or incomplete paperwork. Trust the law firm of eclat law to focus on YOUR legal rights. We assist with guiding our clients through real estate transactions of all types and represent buyers as well as sellers.
In real estate transactions, the closing is the event at which the buyer and the seller sign all of the documents to complete the transaction. While the buyer and the seller will do all of the signing, others will be in the room to assist, including a closing agent. The goal of the closing is to transfer title or ownership of the property. There is a lot of paperwork which needs to be processed to accomplish this. That’s why it is important to have a real estate attorney at your side. He or she will be well acquainted with all of the documents, be able to explain them to you and make sure that your interests are protected.
To assure yourself of legal protection from start to finish, you should consult with eclat law before you sign a purchase contract or mortgage application. By doing so, you’ll do yourself the favor of making sure that your home-buying experience goes as smoothly as possible and that potential problems are solved before closing.
All too often consumers don’t read and understand the conditions, covenants and restrictions involved when closing on a property. If you are not familiar with the closing process, we recommend contacting our real estate closing attorneys. Whether you’re a realtor, broker, buyer or seller–all of our Orlando real estate closing attorneys who specialize in real estate law, escrow and title insurance will happily answer any questions you might have about the process.