The U.S. Federal government is seeking to seize the "Porsche Design Tower," a condominium in Sunny Isle Beach, that's been embroiled in a billion-dollar Venezuelan money laundering scandal. According to federal prosecutors, the real estate project has played a pivotal role in a massive scheme to siphon money from Venezuela's government-run oil enterprise, PDVSA, and launder it through fraudulent Miami-area real estate investments.
Knowing that you'll be going through a foreclosure can bring on a lot of stress before you even start the process. Once it gets underway, that stress only increases. This is a complex legal process, it has a drastic impact on your life and it all stems from financial trouble that was stressful enough to start with.
If you're involved in a real estate litigation dispute, there's probably a lot of money at stake. For this reason, you may want to look into your options for legal representation to increase your chances of defending your rights to achieving a favorable result. At Frese Whitehead & Anderson, PA, we assist litigants in every area of real estate litigation law.
The laws that govern a homeowners' association are often very limiting for the individuals who spent good money on their property. These HOAs have to do what they feel is best for all members of the association, but there are times when this can seriously limit the freedoms that each homeowner should have. We recently discussed the case of the veteran who was taking the HOA to court over his right to fly the American flag. This is a horrible situation for a person who served in the military to be placed in.
A Florida man is suing the homeowners association in his former condominium community, seeking to recoup money he lost in a long-running dispute with the association – and more. He recently got a court date for a trial, and he's seeking $1 million.
Are you considering the purchase of a new home in Melbourne? Your credit history could affect your ability to get approved for the mortgage to buy the property. Those with strong credit and considerable cash reserves that they can use as a down payment have a higher likelihood of getting approved for a good mortgage. If you're concerned about your eligibility to gain approval, consider the following questions:
Your long, trying task of finding the perfect Florida house is over. You found a beautiful place with just the right square footage and a pool, and it sits on a corner lot in the most well-kept neighborhood of all the ones you explored. You make an offer. It's accepted.
When you are dealing with any type of real estate transaction, you are likely dealing with a considerable investment. This can make it difficult for some people because the financial obligation is frightening. It is imperative that you take the time to understand everything about the transaction if you are going to be doing anything involving real estate.
When evaluating a potential new home that you're interested in purchasing, not all of the information you need will be available in the documentation the home seller provides you. This means you'll have to do some digging with pointed questions that reveal what you need to know about the property.
Buying a home is one of the biggest personal and financial decisions you will ever make.