By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Yes. Selling for less than you owe is called a short sale, and it's a legal, well-established way to sell when your mortgage balance is higher than your home's value. Your lender has to approve it, and in Florida ... Continue Reading » about Can I Sell My House for Less Than I Owe? | Palmetto, FL Short Sale Guide
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Can You Buy a Home in Manatee County Before You Move Here?
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Yes, you can buy a home in Manatee County before you move here. The purchase does not require you to be in the state, and a Florida title company or real estate attorney handles the closing, so you can often sign ... Continue Reading » about Can You Buy a Home in Manatee County Before You Move Here?
What Actually Starts the Clock in a Florida Foreclosure (And What Doesn’t)
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: In Florida, a missed payment, a phone call or a past-due statement does not start the foreclosure clock. One specific letter does: a breach letter, also called a notice of default, demand letter or acceleration ... Continue Reading » about What Actually Starts the Clock in a Florida Foreclosure (And What Doesn’t)
Does Divorce Affect Mortgage Liability in Florida?
A divorce agreement may say your former spouse is responsible for the house payment, but the lender may see the situation very differently. If you are asking, “does divorce affect mortgage liability,” the short answer is usually no - not automatically. Until the mortgage is paid off, refinanced, or ... Continue Reading » about Does Divorce Affect Mortgage Liability in Florida?
What Is a Lis Pendens in Real Estate? A Florida Homeowner’s Guide
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695) Quick answer: A lis pendens (Latin for "a suit pending") is a notice recorded in the county's official records that says a lawsuit has been filed involving a specific property. It is not a lien, not a judgment and not a ... Continue Reading » about What Is a Lis Pendens in Real Estate? A Florida Homeowner’s Guide
The Florida Foreclosure Timeline, Step by Step | Manatee County Guide
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Florida foreclosure goes through the courts, and start to finish it commonly takes six months to well over a year. It moves from missed payments to a notice of default, a lawsuit in Manatee County Circuit Court, ... Continue Reading » about The Florida Foreclosure Timeline, Step by Step | Manatee County Guide