Do I Get Any Money If My House Sells in Foreclosure? It's possible — but it's far from guaranteed, and the process to actually receive it is more complicated than most homeowners expect. This is called a surplus funds claim, and understanding how it works matters, especially compared to the ... Continue Reading » about Do I Get Any Money If My House Sells in Foreclosure? | Palmetto, FL
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Selling a House As-Is When You’re Behind on Payments in Florida
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Yes, you can sell a Florida house as-is when you're behind on payments. An as-is sale means the buyer takes the home in its current condition, with no repairs required before closing, so the transaction moves ... Continue Reading » about Selling a House As-Is When You’re Behind on Payments in Florida
Mortgage Payoff When Selling a House During Divorce in Florida
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: When a jointly owned home sells, the mortgage is paid off from the sale proceeds at closing, before either spouse sees any equity. A divorce decree that gives the house to one spouse doesn't change the loan, so ... Continue Reading » about Mortgage Payoff When Selling a House During Divorce in Florida
Palmetto FL Neighborhood Guide: Where Locals Actually Want to Live
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Palmetto, FL is a handful of different pockets rather than one place. You will find historic homes near the Manatee River, waterfront living at Riviera Dunes and Terra Ceia, and newer construction in North ... Continue Reading » about Palmetto FL Neighborhood Guide: Where Locals Actually Want to Live
Tax Basics on Selling an Inherited Home in Florida
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: When you inherit a home, the tax code generally resets its value for tax purposes to what it was worth on the date the previous owner passed away. This is often called a step-up in basis. Selling close to that ... Continue Reading » about Tax Basics on Selling an Inherited Home in Florida
A Local’s Guide to Ellenton, FL Neighborhoods
Tucked on a peninsula between Bradenton and St. Petersburg, Ellenton is easy to drive past and easy to underestimate. This local's guide to Ellenton, FL neighborhoods is for anyone who's noticed the town in passing — maybe on a run to the outlets — and wondered what living here would actually be ... Continue Reading » about A Local’s Guide to Ellenton, FL Neighborhoods