We are honored that our very own Attorney Gulati’s Article on Foreign Buying Flipside was published in the Orlando Realtor’s Legal Resource Winter Edition. This Article discusses the FIRPTA withholding in Real Estate Transactions. To read more click here.
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On Thursday November 14, 2013, our very own Attorney Gulati participated in the North East Indo-US Chamber of Commerce Legal Panel with five other leading attorneys in the area. After a successful panel, she was presented with an Appreciation Award. If you missed the event, here are a few questions she answered on the panel: […]
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The most common mistake that can be made when estate planning is the failure to keep your forms and documents up to date. As simple as it sounds, there are countless instances where people who did not have updated beneficiary forms inevitably ran into complications later in the process. Without proper documentation, the money and […]
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If you have never heard of a super lien, do not be surprised. Many home and property owners do not understand the implication of the “super lien” until it comes time to sell their home or property. Liens usually occur following a violation filed against real property. This happens when the city believes there is […]
Read MoreFlorida Governor, Rick Scott, signed many significant changes to the Landlord-Tenant Act that became effective July 1, 2013. There are many new changes to the Florida law that Landlord’s and Tenant’s must be aware of. Below is a list of a few changes made to the Florida Landlord-Tenant Act: Attorney Fees – In the past […]
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A Land Trust is an incredibly useful document that may benefit and protect you as a property owner. Most tax advisers and U.S. attorneys are unfamiliar with the purpose and value of a land trust, and do not know how this device works. Through the use of a land trust, you are able to keep […]
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U.S. Realtor’s, rental agents, and closing agents are encountering an increasing number of situations that involve foreign persons selling their U.S. real estate. The sale of a U.S. real property interest by a foreign person is subject to the Foreign Investment in Real Property Tax Act of 1980 (also known as FIRPTA) income tax withholding. […]
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Florida underwriters are seeing much more claims emanating from forged deeds on foreclosed, bank-owned properties. The issue that seems to be appearing is that the forged deeds are into trusts and the transaction insured is the one out of the trust. “Florida is ripe for this scam as the properties may sit in bank REO […]
Read MoreThe Real Estate market seems to be booming. Experts claim that the market is only going to get better because Generation Y is now of age to start buying homes. Many college students are getting in the age bracket, where they are starting to think about buying rather than renting a home. Generally speaking it […]
Read MoreAccording to the Jacksonville Business Journal, Jacksonville was placed in the top twenty “best markets” for single-family rental investments in RealtyTrac Inc.’s “20 Best Markets for Buying Single Family Rentals” list. “RealtyTrac came up with the list by analyzing median sales prices and average rental rates for three-bedroom homes and using that data to calculate capitalization “cap” rates […]
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