By: Ned Hale, Board Certified Real Estate Attorney The metaphor “a bundle of rights” is often used to describe a real estate owner’s interest. These rights are meant to include the right to occupy, the right to improve, the right to sell, and the right to rent. Now, in the digital age and the rise [...]
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: [...]
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 [...]
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. Frequently a decedent’s main asset of any real value is his or [...]
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, [...]