When a married couple is divorcing, there are four basic ways to handle their Fort Lauderdale real estate assets: Several factors come into play with this scenario, and it all begins with the mortgage (if one exists). Are both parties responsible for the note? Keep in mind, the deed states ownership, the note indicates who’s obligated for the note payment, …
Pro-tip: Before buying a home or signing a contract, consulting with an experienced Fort Lauderdale attorney may help avoid trouble. When you select a Fort Lauderdale home for purchase, the first document you’ll receive is the “purchase and sales contract.” In those cases where you’re pressed for time, say you’re worried about another buyer swooping in, then make the contract …
Fort Lauderdale commercial rental properties can be a profitable source of income, and to maximize their effectiveness, owners need to consider potential legal issues which might impair their profitability. We’ve put together some common problems that might be prevented if you consult a Fort Lauderdale real estate attorney. Subject to both property and contract law, rental agreements can be very …
Over the years, The Herman Law Group has represented agents, purchasers, and buyers of commercial and residential real estate property. During the bargaining process, it’s quite common to encounter disagreements. Sometimes, the seller takes issue with the broker’s commission. Other times, it’s a complaint about the purchase price. When the disagreement is material, the parties might seek the court’s resolution, …
Simply put, a loan modification is the restructuring of existing debt to fit within a borrower’s budget. Under the terms of your mortgage, you must make timely monthly payments. When a borrower is having difficulties keeping up with the payments, they may reach out to their lender for assistance. A mortgage modification changes the original terms to make the loan …
Real estate transactions represent some of the largest financial transactions entered into by individuals and businesses. Given this, it’s crucial everyone involved understand their obligations and rights, thus helping to ensure interests are protected. By entering into a real estate transaction, sellers, buyers, lessors, and lessees all are vested and have individual rights and responsibilities. Due to the complicated paperwork …
A Fort Lauderdale quitclaim deed transfers real property interest from one (The Grantor) to another (The Grantee). Sometimes mistakenly referred to as a “quick claim deed,” once transferred the Grantor is relieved of any present and future property liability. In other words, the grantor merely conveys whatever legal interest he or she has in the property and “quits” his or …
Fort Lauderdale real estate attorneys at The Herman Law Group represents both buyers and sellers. More and more, it’s becoming commonplace in Fort Lauderdale for people to buy and sell real estate without using a broker. Though it is possible to avoid the agent route by using a standard real estate sales contract, there are potential problems and loopholes that …
Fort Lauderdale homeowners facing foreclosure might consider the deed in lieu process option. In fact, when a short sale is not doable, a Fort Lauderdale deed in lieu attorney may very well be the answer. In exchange for the release of a mortgage, a deed in lieu allows a homeowner to transfer the property in default to the lender. Doing …
Fort Lauderdale real estate law isn’t something many people give much thought, but it’s an area of law that impacts most of us every day. Renters, homeowners, landlords, buyers, and sellers are all subjected to the same set of arcane laws, regulations, and rules that govern the industry. Perhaps you, or your business, requires experienced Fort Lauderdale real estate legal …