Vocab Lesson 10 – Title to Real Property and Probate
While dealing with titles to real property in Florida, we are repeatedly challenged with the situation where the current or prior titleholder is deceased. If the deceased was a resident of Florida it is important to know the status of probate proceedings and contact the probate attorney. If a non-resident dies leaving real property in Florida, then ancillary administration must be opened in Florida. Read the rest of this entry
The “Good Funds” Rule – Paying the title company
So, last week we spoke about what form of payment a title company would accept and why according to the FR/FB Contract. Now, just so you do not think I just want to talk and tell you everything I know about this, the Florida Administrative Code has set this ruling out! Read the rest of this entry
Should You Buy a New Home or a Resale?
When you are ready to start house hunting, you may want to consider new home construction so as to broaden your options. There will be many opinions as to whether a new home or a resale home is better. Let’s look at a comparison: Read the rest of this entry
How do I pay the Title Company at Closing?
Can I bring my funds in cash? Can I pay the balance with my credit card? Hmmm…..let me think about this for a second, NO!!
There are a few ways that payment can be made, however over the years with an array of fraud on our door steps, some companies have tailored what will be accepted at closing. Even more so that the most current Florida Realtors/Florida Bar-1 2010 contract has some new clauses that specify what can happen if certain payment methods are used. Read the rest of this entry