The acronym of REO is prevalent in real estate, but what does REO mean and how can you benefit from it? REO stands for real estate owned and refers to foreclosure properties that have been returned to the bank. Once the bank regains ownership of properties they offer real estate at discounted prices through their ...
If property taxes are not paid by April 1st of each year, they become delinquent. The owner has then defaulted on paying taxes at the appropriate time. Florida law then requires the local tax collector advertise or list the delinquent properties once a week in a local newspaper for three weeks. If the owner still ...
Tax liens are placed on property when the owner of the property fails to pay their local taxes on the property. When this occurs, the property becomes held by the local government, preventing the owner from selling or otherwise transferring ownership of the property to anyone. The only way for a person to regain ownership ...
With the popularity of shows such as “Property Ladder” and “Flip This House” people have begun flipping houses for fun and for profit. Unfortunately, even in real estate the old adage holds true. You still have to spend money to make money. However, no one said the money you spend has to be yours. There ...
A warranty deed is used when real estate titles transfer to a new owner. The deed guarantees the title is clean and that there are no creditor judgments or tax liens attached which could interfere with the property transfer. Two types of warranty deeds are used to transfer property and include General Warranty Deed or ...
Wouldn’t it be great to know more about a property before you buy it? A real estate title search is simply a process of researching the ownership of your property. It is used to determine if that title has passed legally and accurately throughout the years, up to the current owner. Knowing how to do ...
