You’re getting ready to put your house on the market when a friend expresses some interest in buying it. At first, they may just be engaging in wishful thinking. Then they decide they really do want to buy it –- at the price you want to sell it for. It sounds like a...
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Month: October 2020
What is a 1031 exchange? How does it work?
Put broadly, a 1031 exchange is a swap of one property for another. This is done between people with investment properties because of a wish to move, for example, without having to go through a traditional buying/selling process. Most property swaps will be taxed as...
What are lawful grounds on which you can evict your Florida tenant?
Many people think of the eviction process as a long, drawn-out affair that can take months. That's not the case, however. Landlords who have non-paying tenants may be able to evict them in as little as two weeks. If you're a landlord, you must follow specific steps...
Transferring a property after death: Transfer deeds
If someone you love has passed away and willed you their home, then it may be necessary to change the home’s title. This usually happens in one of three ways. The first is by having the successor trustee prepare, record and submit the transfer deed. The second way is...
A deed in lieu of foreclosure could be the right choice for you
If you are struggling to keep up on payments on your business property, something that you may need to consider is a deed in lieu. A deed in lieu is a legal document that passes on all interest in a property from the borrower to the lender. This helps satisfy a loan...
