A lender calculates the LTV by dividing the mortgage amount into the sales price or the appraised value of the property. Lenders use this number to determine the amount of the mortgage that they are going to give you when you decide to purchase a home ..read more

In Florida, if you do not have a signed lease or if your lease has expired, the landlord has the right to raise your rent. Check your local ordinances periodically for notice requirements that the Landlord must follow prior to increasing your rent ..read more

In Florida, if your lease is from year to year, not less than 60 days. If your lease is from quarter to quarter, not less than 30 days. If your lease is from month to month, not less than 15 days and if your lease is week to week, not less than 7 days notice ..read more

In Florida, Documentary stamp taxes are due at a rate of 70 cents per 100 dollars of transferable value (the sales price), with the exception of Miami-Dade County, whose documentary stamp tax is 60 cents per 100 dollars. Documentary stamp taxes on promissory notes are 35 cents per 100 dollars ..read more

Liens are claims on real estate that are used to secure debt. Failure to pay that debt can result in the mechanics lien or foreclosing on the lien and taking your property ..read more

With a line of credit the borrower has recurring access to the funds and can borrow and repay the funds as he or she needs them. A term loan is funded fully at the time of the closing and the borrow repays it over a set schedule over a period of time ..read more

At a traditional sit-down closing, the buyer and their representatives, and the seller and their representatives sit at a table. Documents are executed, and money’s exchanged. Once that happens, the transaction is officially closed.  With the advancements in technology, a traditional “sit-down” closing is now rare.  Now a days, the Buyer and Seller go to their respective representatives, execute the transaction documents, and then documents are exchanged via courier ..read more

Under section 1031 of the Internal Revenue Code, certain types of properties can be exchanged and taxes on the sale can be deferred ..read more

A closing statement is a document that details all the costs related to a real estate transaction. It is typically prepared by the closing agent and is signed by both the buyer and the seller ..read more

A two-year, renewable visa for foreign nationals intending to make a large investment or donation in Italy.  The investor’s spouse, dependent children and parents are also eligible to request for a visa at no additional cost. The investor visa is valid for two years and can get renewed every three years subsequently. After an investor has maintained five years of regular residency in-country, they are eligible to apply for long-term EU residency. Investors must rent or purchase a residential property after the approval of their visa, which can take between 90 to 120 days from the applicat ..read more