Lease/Options to Purchase Florida Real Estate

By:  Edward Hale, Fort Myers Board Certified Real Estate Attorney

Many sellers are turning to lease/options to sell their property.  Usually there is ample demand among tenants/buyers for lease options, so lease options open sellers up to a new market of potential buyers.

1. Usually the documents executed between the landlord/seller and tenant/buyer are:

Specific Performance and Florida Real Estate Contracts: What Is It?

By: Edward Hale, Fort Myers Board Certified Real Estate Attorney

In rising markets like ours, some property prices are going through the roof.  For these properties, the value is often higher at the time of closing than it was at the time the contract was signed.  As a result, many sellers have been stricken with a terrible case of “seller’s remorse”.  The strongest symptoms of “seller’s remorse” are not wanting to close or demanding that the buyer pay more for the property.

Enhanced Life Estate Deeds: The Easiest Way to Avoid Probate for Florida Real Estate

By:  Ned Hale, Fort Myers Board Certified Real Estate Attorney

An enhanced life estate deed is an effective and inexpensive way to avoid probate for a real estate asset while maintaining almost all of the benefits of standard “fee simple” ownership. It is sometimes called a “transfer on death” deed or a “Lady Bird” deed.

Facing Foreclosure: What to Do Right Now

If you’re facing foreclosure, don’t panic: Take steps right now to save your home or at least lessen the blow of its loss.

A record high 2.8 million properties were hit with foreclosure notices in 2009. That’s the bad news. The good news: About two-thirds of notices don’t result in actual foreclosures, says Doug Robinson of NeighborWorks, a nonprofit group that offers foreclosure counseling.

Many homeowners find alternatives to foreclosure by negotiating with lenders, often with the help of foreclosure counselors. If you’re facing foreclosure, call your lender right now to determine your options, which can include loan modification, forbearance, or a short sale.