Realtors and Real Estate Professionals: When a Non-US Citizen Sells Real Estate

We are fortunate in Pinellas County that so many European citizens, and those from other countries in the Americas want to own a home or a piece of vacant land our area. We are committed to helping our fellow real estate professionals guide their clients through the buying or selling process. As part of […]

By |April 20th, 2017|government|Comments Off on Realtors and Real Estate Professionals: When a Non-US Citizen Sells Real Estate

TRID – A Brief Review

Some months ago we were all introduced to TRID – the Integrated Disclosure documents for TILA and RESPA (Truth in Lending Act and Real Estate Settlement Procedures Act). The whole purpose was to add protections to the consumer who takes out a mortgage to purchase property; ‘Know before you owe’. There were examples, in […]

By |April 1st, 2016|buying a home, government, home closing|Comments Off on TRID – A Brief Review

Foreclosure Case Law – What Could U.S. Bank v. Bartram Mean for Homeowners?

Does the Statute of Limitations stand or does it not stand, when it comes to property owners who defaulted on their mortgages? This is an important question currently before Florida’s Supreme Court. If the court rules in favor of U.S. Bank National Association in the case of Bartram v. U.S. Bank it could have […]

By |March 18th, 2016|government|Comments Off on Foreclosure Case Law – What Could U.S. Bank v. Bartram Mean for Homeowners?

Florida’s Homestead Law

There are many reasons for living in Florida – sun, sea, sand, boating, fishing, sports, entertainment and educational opportunities all abound. When you are a Florida resident you may ‘homestead’ your primary residence. Florida Homestead Law offers Floridians certain benefits. Let’s take a look at some of the details.

In order to homestead your property […]

By |March 4th, 2016|government|Comments Off on Florida’s Homestead Law

Will the February FIRPTA Withholding Changes Affect You?

 

If you are a foreign national who owns real property in the USA, and you expect the sale to close on or after February 16 of this year, the withholding amount will change, in some cases, from 10% of sale proceeds to 15%.

Some Background

FIRPTA (Foreign Investment in Real Property Tax Act) has been the […]

By |February 18th, 2016|buying a home, government, selling a home|Comments Off on Will the February FIRPTA Withholding Changes Affect You?

HUD-1: The New TILA-RESPA Rules Go Live

The Consumer Financial Protection Bureau’s new rules came into force on October 3rd. TRID (TILA-RESPA Integrated Disclosure) will affect most mortgage lenders and most consumers (borrowers) who intend securing a loan with real property that has between 1 and 4 residential units attached to it.

The changes will help borrowers to be clear about their […]

By |October 29th, 2015|CFPB, government, home closing|Comments Off on HUD-1: The New TILA-RESPA Rules Go Live

An APB for Realtors and Real Estate Professionals

We are all well aware of the impending changes coming in the next couple of months. The new Closing Disclosure Form and the new regulations imposing new time-constraints will have an obvious impact on everyone. The behind-the-scenes standards and procedures mortgage lenders, banks, and their third-party partners must all have in place will also […]

By |August 6th, 2015|buying a home, government, home closing, international title partners|Comments Off on An APB for Realtors and Real Estate Professionals

The CFPB and its Effect on the Title Industry

The Consumer Finance Protection Bureau (CFPB) has impacted title agency work in a number of ways. To the outside world the more obvious changes have been delayed until October 1st. Realtors and other real estate professionals, as well as consumers, will not be impacted by the Closing Disclosure Form (the new HUD-1) or the […]

By |July 24th, 2015|CFPB, government, title industry|Comments Off on The CFPB and its Effect on the Title Industry

What Changes to HUD-1 Are Pending?

While the HUD-1 changes have currently been delayed until October of 2015 (original date was August of 2015), not all consumers understood what the changes were and why the Consumer Finance Protection Bureau (CFPB) felt these changes were necessary. Primarily, the changes were put in place to ensure borrowers make more informed decisions before […]

By |July 17th, 2015|buying a home, government, international title partners, ITP|Comments Off on What Changes to HUD-1 Are Pending?

How the CFPB Affects the Title Industry

The Consumer Financial Protection Bureau (CFPB) is an independent United States government agency responsible for protecting consumers in the financial sector. Their jurisdiction extends over banks, credit unions, mortgage lenders, and other financial companies. Their effect in terms of the title industry is mostly felt by title insurance agencies and by settlement agents. Though […]

By |April 10th, 2015|CFPB, government, title industry, title insurance|Comments Off on How the CFPB Affects the Title Industry