Wednesday, April 25, 2018

How Much Do You Know About Foreclosure In Florida?

There is nothing as devastating as having to go through a disappointment regarding property investment. All homeowners need to have some vital information, especially about circumstances that could rob them of their hard-earned property. One of them is foreclosure.

The worst part about foreclosure in Florida is that it ruins your credit standing for a long time. But the good news is that you can avoid it altogether.

learn about foreclosure in florida

The first thing to understand is the entire foreclosure process from beginning to end. The following post explains it, and will help you determine where you’re at in the process:

UNDERSTANDING THE FORECLOSURE PROCESS

Are you at risk of foreclosure?

If so, you, like thousands of others, probably have many questions.

What can I expect? What types of penalties am I up against? How long do I have until I must leave my home?

The foreclosure process can seem daunting. But in this article, we’ll detail everything you need to know about the process. Read more at USA TODAY Classifieds…

Having such crucial information at the right time could even prevent you from progressing further into the procedure, especially if you’re at the pre-foreclosure stage.

learn about foreclosure in florida

The next crucial question you need to answer is whether you should try to save your home or not. Amy Loftsgordon helps you to critically analyze your options in the following post:

Should I Try to Keep My Home or Let Foreclosure Happen?

If foreclosure looms because you’ve missed some mortgage payments—or you think you’ll fall behind soon—it’s time to face a difficult question: Should you try to keep your home or let foreclosure happen?

Apart from the emotional considerations that come up whenever a foreclosure is threatened, certain economic factors exist that you shouldn’t ignore. Before you can decide whether to try to keep your house, you need to evaluate your financial situation, which has no doubt changed since you bought your home.

Here are the three questions you’ll need to answer:

  • Do you have equity in the home?
  • Can you afford your monthly mortgage payments?

Can you reduce your debt load? Read more at Nolo…

Every decision you make needs to be strategic at the very least. Therefore, you need to ask yourself some key questions before you take any action, since it will have consequences.

learn about foreclosure in florida

If you decide to sell your home to avoid the impact of foreclosure on your credit ratings, the following post will give you vital information on how to go about it:

Selling a Foreclosed Home: What You Can Do (And What You Can’t)

Selling a foreclosed home is an option many homeowners who have defaulted on their loan don’t know much about. Foreclosure is a long and heartbreaking process for a homeowner. But, it’s not hopeless. When looking for a solution to defaulting on their mortgage payments, many owners float this question: “Can I sell my home if it is in foreclosure?” The short answer is yes.

Up until the home is sold at auction, you can rescue your home by selling it and paying the lender everything you owe, including back payments and penalties. And in some states, you are allowed a “statutory right of redemption.” This is essentially a take-back period after the foreclosure—from 30 days to as much as two years in some places —in which you can repurchase your home. Read more at Realtor…

learn about foreclosure in florida

A quick sale can prevent you from ending up with a damaged credit rating, and so you can protect your financial options for the future. This is especially important if you intend need to take on another investment project once you’re back on your feet.

If you need to sell your house in Hollywood, FL fast due to foreclosure, then the company to work with is Sell Fast Fair Offer. We are a real estate investment company that specializes in buying houses from homeowners who need to let their houses go.

Once you call us, we will give you a cash offer within 24 hours, after which you will get to choose the date of closing. You do not have to worry about commissions or seller’s fees, because we’ll take care of that.

Call us at (305) 590-8500 or visit our website for more information about us and what we do.

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Monday, April 23, 2018

How to Determine If A Direct Sale of Your Miami House is Right For You!

What you may not know, is that there are multiple ways to sell a Miami house. While many people immediately seek the help of an agent, there are other, more cost-effective ways to sell your house. For example, you could choose to carry the note yourself or sell the property directly, without the help of an agent, which is what we will cover in our latest post!

As we said above, there are many ways to sell. For some properties, a listing makes the most sense, whereas, for other, a direct sale is the smarter choice. Which will it be for you! Don’t sign any agreements or agree to a sale until you learn about what a direct sale can mean for your situation!

The Commission Factor

When you choose a direct sale to a company such as Sell Fast Fair Offer, you won’t have to worry about paying out 6% of the sale price in commissions. This is thousands of dollars you will immediately save by choosing a direct sale. In addition, there aren’t any agent fees, marketing costs, listing fees or photographers to pay. When you work with a direct buyer, the property is typically sold as-is, so you can keep the money for advertising in your pocket.

No Clean-Up Or Repairs

Listing your Miami house will require you to make repairs to the home to get it ready for the MLS. Even small damages can severely lower your potential buyer’s perceived value of the home. Making repairs and touch-ups to the house can add up quickly as far as finances are concerned. You will also have to factor in the cost to clean up, keep it clean, store personal items and clutter as well as purchase items if you need to do some staging. While these costs can be worth it in the long run, they should be well considered before listing your home.

Your Terms

When you work with a company like us to sell your house directly, the closing date will be up to you. We are able to purchase properties almost immediately, so you won’t have to spend time waiting around for a buyer to come along. On the flip side, we will not rush you into a closing. We know that selling and moving can be a stressful time, hence why we aim to keep the process as simple as possible. If you should choose to accept an offer from Sell Fast Fair Offer, you will then decide on the date that best works for you. You won’t have to worry about the sale falling through as with a traditional sale using bank financing. A direct buyer will have the funds available to pay you immediately!

A Fast Sale Will Save You Money

Point blank, the longer you own the house, the more it is costing you. Investors know this, that is why the goal is always to flip a house quickly! By selling your property to a direct buyer right away, you are potentially saving yourself months of wasted time and money. You are likely paying more for your house than you even realize. There are monthly utilities to consider, homeowners insurance, property taxes that you are responsible for up until the day of closing as well as routine maintenance costs. If you are paying for things such as pool service, pest control or landscaping, those costs will immediately be over and done with.

A Direct Sale Offers Guarantees, While A Listing Does Not

There is a lot of uncertainty when it comes to buying and selling properties. Deals fall through every day. Banks often take longer than expected to fund a loan. When you list, you are in essence living in limbo until the closing papers have been signed. An agent can list your house for any price you want, even if it has been inflated in order to get you to sign a listing agreement. There is NO guarantee that you will get the price you ask for when you list your Miami house! With a direct sale, you will know both the exact date and amount you will walk away with. This will allow you to plan ahead without having to deal with the unknown!

Have you considered a direct sale of your Miami house? Maybe you should! Send us a message or give our team a call today! (305) 590-8500

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Wednesday, April 18, 2018

How Divorce Affects Your Family Property and How To Handle It

There are a lot of questions that crop up when it comes to a divorce. It’s tough enough to handle the emotions at a personal level, and it’s even more of a challenge where there are children involved. Yet, you need to handle all these issues in a sober way so that your future is not jeopardized.

One of the areas to be careful about is your finances and assets, and how they’ll be affected by the divorce. This will take care of you and your spouse, and if you have children, they’ll be comfortable wherever they’ll be.

how divorce affects family property

If you are wondering what will happen to your hard-earned property during a Florida divorce, the following post should help you get started:

WHAT HAPPENS TO MY MONEY AND PROPERTY IN A DIVORCE?

The first step of equitable distribution is to determine which assets (such as cash, cars, houses, or 401(k)’s) and liabilities (such as credit card bills, mortgages, and loans) are marital and which are non-marital. This is because non-marital assets and liabilities will generally be set aside and go to the spouse that acquired or incurred them, while marital assets and liabilities will be divided among the parties. In most cases, if an asset was earned or purchased during the marriage, or a liability was incurred during the marriage, it is considered marital. Read more at Family Diplomacy…

Before any action is taken on any property that you have, such as a house, the first step is to determine whether the property was acquired before or after the marriage. This should then guide the decision on how to handle it.

how divorce affects family property

Sometimes, it is tricky to tell who owns what part of the property. Steve W. Marsee explains a critical process called property transmutation that affects property ownership:

FLORIDA DIVORCE LAW: WHAT IS PROPERTY TRANSMUTATION?

In Florida divorce cases, a couple’s marital property is subject to the state’s equitable distribution standard. This means that Florida courts will split up their marital assets in the manner that best upholds the state’s principles of “fairness”. In some cases, this will be a 50-50 split of the marital property, though in other cases, the split may not be exactly even.

Of course, not all property is necessarily marital property. You could enter a marriage with your own separate property. If you own separate property at the time of your divorce, that specific asset is not subject to distribution during a divorce. In other words, you get to keep it. Read more at Marsee Law…

So if your family home was partly paid for by either you or your spouse, and then when you got married, you paid for it together, it will be treated in a unique way. Be clear on these details so you don’t have to deal with unpleasant surprises.

how divorce affects family property

One of the major decisions you may need to make to facilitate the divorce costs is selling the family house. If this is the course of action you choose to take, Lee Nelson has some advice for you:

Selling a House While Going Through a Divorce

Going through a divorce brings on extreme emotions, and having to deal with selling a home is one of the last things you’d want.

“I try to teach people to think with their brain, not their heart,” says Laurel Starks, divorce real estate expert and author of Divorcing the House: A Guide to Understanding Your Options, the Pitfalls & Whether You Could-or Should-Keep Your Home in Divorce. She also is owner of Starks Realty Group in Southern California.

“This is a business decision, and the decisions you make now will affect your future. How you rebound from this divorce is directly related to the decisions you make when you are in the divorce,” she adds. Read more at My Mortgage Insider…

Basically, when you decide to sell your home, you need to handle it as you would a business transaction. One of the top things to do is detach your emotions from the home.

how divorce affects family property

If you need to sell your house fast in Hialeah, FL then worry no more – Sell Fast Fair Offer will buy your home at a fair price. Once you call us, we will give you a cash offer within 24 hours. Thereafter, you get to choose when to close. Call us on (305) 590-8500 or visit our website for more information.

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Wednesday, April 11, 2018

3 Key Things To Note About Probate in Florida

One of the key processes that must take place after a person who had property in his or her name passes on is probate. According to the online dictionary, probate is defined as the official proving of a will or a verified copy of a will with a certificate as handed to the executors. This process varies in different states according to the state laws and the nature of the individual cases. This post will look at three critical things about the process of probate in Florida that you ought to know.

3 key things about probate in florida

Generally, the probate process follows a defined procedure in Florida. The following post outlines it so you have an idea of what to expect if this is your first time going through the experience:

Like any other legal matter, the probate process can vary depending on numerous factors, including the size and complexity of the estate, the number of creditors, and whether disputes arise.

To help you better understand your options, we have listed some common steps you may encounter during probate. By reaching out to our firm, we can provide advice and representation tailored to your specific needs:

  1. After the testator’s death, the will must be delivered to the clerk of the appropriate court.
  2. An interested party (often a relative or someone close to the deceased) can file a petition for administration of a testate (the deceased passed with a valid will) or intestate (the deceased passed without a valid will) estate… Read more at Cloninger and Files…

Having a picture of the probate process can help to alleviate the anxiety you may feel. It will also help you to anticipate some of the challenges that may crop up during this process.

3 key things about probate in florida

One of the complexities that arise in some probate processes concerns the heirs to the property. When someone appears from nowhere and claims that the deceased was their father, what should be done? Brice Zoecklein explains how this is dealt with in Florida:

Establishing Paternity in Florida Probate Litigation Disputes

Florida Law has a mechanism for the establishment of paternity testing.  Fla. Stat. §742.12 provides a framework for the evidentiary use of paternity testing.  Importantly, Florida law requires a written sworn statement alleging the facts establishing the conflict or question regarding paternity.  Fla. Stat. 742.12 also provides the framework for the Court’s evidentiary analysis by specifically acknowledging that test results shall be filed with the Court and are admissible evidence and that certain statistical probabilities carry evidentiary presumptions.

In order to qualify to obtain DNA evidence from the relevant parties in a Probate Proceeding, you must establish a discovery request under Fla. R. Civ. P. 1.360, “examination of persons.”  The rule provides as follows: Read more at Zoecklein Law, P.A…

It should be noted, however, that Florida law requires that there should be a good cause for DNA testing to be done before it can be authorized by the probate court. If this process is included, then you can expect the timelines to vary.

3 key things about probate in florida

However, there is a general guideline for determining how long the typical probate process should take. Julie Garber explains it in the following post:

Find out How Long to Expect Probate to Take

One of the first questions that a probate attorney is asked when they sit down with the Personal Representative or the beneficiaries of a new estate is, “How long is probate going to take?” Unfortunately, the answer to this question is not a simple one and depends on many factors.

01  Where does the Personal Representative live?

With modern technology, where the Personal Representative lives in relation to where the probate attorney is located shouldn’t be a big deal. But practically speaking, the distance between the Personal Representative and the attorney does matter. Read more at The Balance…

The question of how long probate should take is one that can only be determined by the people involved in a case. The more complicated they make the process, the longer it will take. If all factors are held constant, a complication-free probate process should take only 6 months.

3 key things about probate in florida

If conditions allow, you can actually sell your house during probate. If you are looking for a potential buyer who can ease the process for you, contact Sell Fast Fair Offer. We will give you a cash offer within 24 hours of calling us, after which you get to decide on the closing dates.

Do you need to sell your house fast in Fort Lauderdale, FL? Call Sell Fast Fair Offer today at (305) 590-8500 or visit our website to get started.

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Wednesday, April 4, 2018

Wondering What to Do With Inherited Property?

Having to deal with grief as well as the responsibilities of inherited property can be quite strenuous. It becomes even more of a challenge where things were not necessarily written in black and white and so you have to figure out how best to do it. You may need to deal with a family member and in addition, fulfill the requirements of the law that govern inherited property. This post will look into some of those issues and hopefully offer a way forward for your decision making.

what to do with inherited property

First of all, it is important to be at peace with close family members. You definitely do not want to be at loggerheads over inherited property. Beverly Bird gives some options you would want to consider:

What Happens When You Inherit a House With a Sibling?

In a perfect world, brothers and sisters would be best friends, but it doesn’t always work out that way. Even if it did, money can strain the best of friendships. If you and your sibling inherit a home, you have a number of options, but most depend on reaching an agreement between you regarding what to do with the property. Short of that, you might have to resort to the court system. Read more at SF Gate…

If you and your family members could agree on the way forward, it will be way better than letting other people decide this issue for you.

what to do with inherited property

Perhaps an idea of what the tax laws require when it comes to inherited property will give you the impetus to chart the way forward. The following is information from the IRS that you should keep in mind:

Question

Is money received from the sale of inherited property considered taxable income?

Answer

To determine if the sale of inherited property is taxable, you must first determine your basis in the property. The basis of property inherited from a decedent is generally one of the following:

The fair market value (FMV) of the property on the date of the decedent’s death

The FMV of the property on the alternate valuation date if the executor of the estate chooses to use the alternate valuation; See the Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return Read more at IRS…

Avoiding the penalties associated with tax laws will definitely give you the peace of mind you need during your time of transition and recovery from grief.

what to do with inherited property

Having all the options at your fingertips will go a long way in helping you make a plan that works. The following post discusses them:

Inherited Property Options

Even though every situation is different in terms of the financial and emotional pressures, these pressures are always there, to one extent or another. Therefore, there are six proven ways to transfer title to a deceased family member’s home that address any existing financial or emotional issues.

For example, it’s possible to convert a house to a revenue stream that’s almost entirely tax-free. Furthermore, if money is an issue, a Realtor who specializes in inherited property can deliver maximum value with almost no effort on the seller’s behalf. Or, for those who want to dispose of this property and move on with their lives, closing for cash can occur in as little as two or three weeks. Read more at Inherited Property Solutions…

Ensure you go over all your options with the help of an accomplished attorney before you make any binding decision.

what to do with inherited property

If you and the concerned parties to the inherited property deem it fit to sell your house fast in Cutler Bay FL, Sell Fast Fair Offer is the company that will buy your house hassle free. We will give you a cash offer within 24 hours of contacting us. Afterward, you get to decide on the day to do the closing based on your convenience.

Call us today on (305) 590-8500 or visit our website to find out more about what we do.

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Wednesday, March 28, 2018

Landlord-Tenant Issues and How To Tackle Them Wisely

Any relationship in life is bound to experience conflict, including business relationships. Your landlord-tenant relations may be going through a storm and it could be stressing you out. You may even be ready to give up being a landlord. Or perhaps you are looking forward to investing in rental property and you want to have a realistic anticipation of what lies ahead of you. Whatever situation you may find yourself in, this post was written for you.

landlord-tenant issues

Top on the list of your concerns could probably be the payment of rent by your tenants. After all, that’s why you got into this business – to make money. So how do you avoid the problem of unpaid rents? Erin Eberlin tells you how:

How to Choose the Best Tenant for Your Rental

There are good tenants and there are bad tenants. While no screening method is fool-proof, there are certain factors you should look at that will give you a better chance of finding a great tenant for your rental. Following these seven tips can help you make the best choice. Read more at The Balance…

You can get things right from the onset of your real estate venture by choosing a reliable person to work with. This will help you avoid getting into hot soup later on.

landlord-tenant issues

Are you having issues with your tenant already and feel that your solution is long overdue? The following post should cool you down and offer a way forward:

How to Deal With Bad Tenants

Every property manager’s worst dream is having a tenant from hell on his property. These types of tenants can give you all sort of problems and make your job even more difficult for you. If you are not careful, they will ruin your reputation and give you a bad name.

Unfortunately, we all have to deal with bad tenants at a point in time. In most cases, you cannot detect that someone is going to be a bad tenant even with the most elaborate screening process. Read more at Los Angeles Property Management Group…

As a property owner or manager, understand that it’s possible to handle bad tenants in a professional way, even if it’s your first time. By the end of that process, you’ll have developed a thicker skin so you can better handle tough situations.

landlord-tenant issues

As you do that, you may want to familiarize yourself with some of the common problems that arise in landlord-tenant relationships. One of them is a breach of contract, as explained in the following post:

Common Breaches of Contracts

Sometimes, the wording in a contract can be subject to differing interpretations by the involved parties. Contract disputes are common when the contract uses language that is either too vague or highly complex. Contract breaches generally fall under four common types:

Anticipatory breach: When one party states ahead of time that it does not intend to fulfill its obligations under the agreement, it is referred to as an anticipatory breach.

Fundamental breach: Also known as a repudiatory breach, this happens when a party refuses to fulfill all or a substantial part of its obligations in the contract to which it is bound. Read more at SMRL…

Now that you know what to do and what to avoid, you can make a decision on your next course of action.

landlord-tenant issues

You may feel that you are through with your rental property in FL and want to move on to something else quickly. If that is you, then selling your property to Sell Fast Fair Offer gives you the best chance at a smooth and stress-free procedure.

At Sell Fast Fair Offer, we give you a fair cash offer within 24 hours of contacting us. You won’t need to worry about commissions and fees. Additionally, you get to choose when you want the closing done, giving your tenants adequate time to evacuate.

If you need to sell your house fast in South Florida, you can call us on (305) 590-8500 or visit our website to get more info.

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Tuesday, March 27, 2018

Benefits of Selling Directly To An Investor in Miami

Benefits of Selling Directly to an Investor in Miami In general, going the traditional route to sell your house – that is, using a real estate agent, going through multiple showings, and waiting for a buyer to secure financing – will often get you a higher sale price. But it takes much longer, and you lose a good chunk of money to fees and commissions. In certain situations, then, the benefits of selling directly to an investor in Miami far outweigh the cons.

Cash Payment

Real estate investment companies and many individual investors have the wherewithal to pay cash when they buy a house. So if you sell to an investor, you’ll often receive a full cash payment on the closing date when the dotted lines are signed.

Although a cash payment from an investor may be a little less than what you would receive through the traditional process, it is much faster. You also won’t have the worry of a deal falling through when a buyer can’t secure financing.

“As-Is” Purchase

One of the most attractive of the benefits of selling directly to an investor in Miami is that these deals are often “as-is.” An investor is often willing to buy your house in its current condition, and you won’t have to sink a bunch of money in repairs and renovations before you can sell it. Further, you won’t have to endure – or pay for – any inspections. Not only does this speed up the whole process, but it can save you some significant expenses as well.

No Commissions

When you sell directly to an investor, you won’t be using an agent, and so you won’t have to pay the agent’s commission. The amount you are offered for your house is the actual amount you receive at closing. If you need cash fast and need to know exactly how much you’ll receive from the sale of your house, this can be a huge plus.

Fast Closing

As indicated above, another of the benefits of selling directly to an investor in Miami is a fast closing. If you sell to an investment company that specializes in cash house purchases, closing can happen in as little as seven days from the time of offer. The sale doesn’t depend on the buyer getting financing or appraised value or inspections. Basically, you bypass all these things that slow down the sale process, and so it is greatly expedited.

Foreclosure Avoidance

For some people, this can be a huge benefit of selling directly to an investor in Miami . If for whatever reason – divorce, injury, layoff, medical bills – you’ve been unable to keep up with mortgage payments, the bank may be threatening to repossess your house. So if foreclosure is on the horizon, selling directly to an investor may be a way out for you.

You can avoid ruining your credit and possibly even putting your family on the street. Of course, this may not be the ideal solution, but it can get you out of a seemingly hopeless situation and let you keep your dignity intact. And if you really don’t want to move out of your home, you may not have to. Some investment companies will assume the mortgage and allow you to remain in the house and rent it from them.

Obviously, the benefits of selling directly to an investor in Miami are numerous and valuable. The problem is, though, many inexperienced sellers just don’t know how to go about selling to an investor. That’s where we can help.

TO DISCOVER MORE ABOUT SELLING YOUR HOUSE DIRECTLY TO AN INVESTOR, CONTACT US BY PHONE AT (305) 590-8500 OR FILL OUT THIS QUICK FORM.

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