Discussion of topics by real estate attorney that covers topics from both personal deals and those that come up for my clients.
Real Estate LIVE! Radio 1340 AM
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I was recently invited by the host of Real Estate Live! with Michele the "Queen of Real Estate Radio" to discuss a few topics of interest to investors. Video of the show is posted to YouTube. Check it out!
The Florida Legislature Strengthens Laws to Remove Unwanted Parties from Your Property The governor signed House Bill 631 into law on March 8, 2018, to update Florida law on ejectment, unlawful detainer, and customary use. So what does this mean? First, let’s suppose the company owning the building next to yours puts up a fence ten feet over your property line, claiming to have a recorded deed to a strip of your land. You think the deed is bogus. To get rid of the fence you would likely file an “ejectment” action. “Ejectment” is a kind of eviction action in which the party in possession claims a right to be there under a written instrument in its chain of title (usually a deed, easement, or other serious title instrument). An ejectment action gives you the chance to prove your superior title to the property (after which you would eject the neighbor’s fence). Case closed. The amendments to the Bill modernize the statute to ...
There are a lot of things to consider when deciding which title company is the best fit for you and your book of b usiness. Interestingly, the part where they issue you a title policy and who the underwriter is under which they are writing it (the actual product you are purchasing ) is usually at the bottom of list. So, what ARE the top things clients ask (or should be asking) when deciding on an investor friendly title company? Below is a list of questions I have been asked and some that I think should be ask ed more often when vetting investor-friendly title companies. What percentage of their book of business is made up of investor deals? Look for one that has about 70% of the book as investor deals. The strategy and mindset used by a title closer working a retail deal versus an investment deal are totally different . One is very personal and emotionally driven; the other is fast-paced and based on numbers. It’s beneficial to work with a title company w...
A Florida single-member LLC is formed just like a multi-member LLC. You file the Articles of Organization with the Division of Corporations and pay the appropriate fee. Obviously, the major difference with a single-member LLC is that there is only one member. But this distinction has created a serious consequence for Florida business owners. The primary protection offered by the LLC entity structure is that it provides limited liability protection for members. In other words, the entity shields members from creditors in various ways. For example, if a member of a Florida LLC is sued and a creditor seeks payment for debts, the assets of the LLC cannot be seized in order to pay for the debt because these assets also belong, at least in part, to other members. As well, should the LLC itself be sued, a creditor cannot seize the personal assets of LLC members as a means of paying th...
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