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Category: News

Florida’s Controversial New Law: Limitations of Foreigners Acquiring Real Property

Thu Jul 6, 2023 on Florida Real Estate & News

Florida’s Controversial New Law: Limitations of Foreigners Acquiring Real Property

As of July 1, 2023, Florida’s recently enacted legislation, SB264, restricts certain foreigners from buying or owning  Florida real estate. Specifically, the new law, codified in Florida Statutes 692.202-204,  provides land ownership restriction, prohibiting “foreign principals” from owning or acquiring agricultural land or real property within ten miles of any military installation or critical infrastructure facility,  foreign principals include individuals […]

Zombie Mortgages & Foreclosure Risks

Thu Jun 8, 2023 on News

Zombie Mortgages & Foreclosure Risks

Many homeowners may have taken second mortgages, including home equity lines of credit, on their homes years ago, and thought that the underlying mortgage debt for such loans was forgiven. Other homeowners may have inherited a home without knowing that there was a second mortgage in place or bought such a home at a foreclosure auction. There are also situations […]

Back to the Financial Time Machine: Bracing for the 2023 Recession

Thu Mar 30, 2023 on News

Back to the Financial Time Machine: Bracing for the 2023 Recession

As the global economic landscape continues to devolve, it is crucial to draw upon the lessons learned from previous financial crises, much like Marty McFly’s thrilling time travel experiences in the classic film “Back to the Future.” With the Federal Reserve’s recent interest rate hikes and the ongoing banking dilemma triggered by a liquidity crisis leading to losses on long-term […]

Why are Sellers Reluctant to Sell?

Tue Oct 25, 2022 on News

Why are Sellers Reluctant to Sell?

With increased mortgage interest rates, many sellers are debating whether to sell their homes. These sellers face the same issue as many potential home buyers: pressure from rising interest rates. Why? Unless a seller obtains a cash buyer for their property, many home buyers may not be able to afford the home they wish because of increasing interest rates. In […]