Eric CruzStarting October 3, 2015, the TILA-RESPA Integrated Disclosure rule (“TRID”), a new set of rules promulgated by the Consumer Financial Protection Bureau (“CFPB”), will go into effect. TRID will drastically change the way that most residential real estate transactions are handled by lenders and closing agents throughout the United States.
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Eric CruzMost residential real estate transactions are governed by the “As Is” Residential Contract for Sale and Purchase, a form contract which has been approved by both the Florida Bar and the Florida Realtors association. This contract is typically referred to as the “FARBAR” contract by both attorneys and realtors.
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Eric CruzIn the last few years, a number of real estate investors have flooded the Tampa Bay market in attempts to take advantage of a slowly improving real estate market. Although some of the major players in local real estate investments are groups of foreign investors, investing through large corporate investor groups,
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I have encountered a lot of confusion lately regarding the import of the term “homestead” under Florida law. At its most basic level, homestead is a Florida resident’s primary residence. Designation as homestead, however, carries several important benefits and burdens.
Homestead is found in 3 different contexts under the Florida Constitution: (i) taxation in Article VII,
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