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32137 : Real Estate Advice

  • All128
  • Local Info23
  • Home Buying53
  • Home Selling12
  • Market Conditions2

Activity 110
Sun May 21, 2017
Chris Kaufman answered:
Closing costs (in my area) on the selling side are roughly around 2% before commissions are factored in... This would include title work/insurance, prep fees, doc stamps, etc...

just ran $175K through our quick estimator and it would have been about 1.8% in fees for the seller...

Buyers have closing fees as well, significantly less for cash deals vs. financed - which is why they often ask for closing cost assistance from sellers when buying with a loan.
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0 votes 2 answers Share Flag
Sun May 21, 2017
Chris Kaufman answered:
Simple answer is NO. Even if they put it in the contract to do so they would have to take the time and explain that to you, trying to slip things past in contracts is a violation.

The assumption since you are asking the question are:

1. they are in violation of changing list price without "formal" permission
2. They wrote in the contract to do so without fully explaining that provision - again in violation

My advice would be to report them to FREC,
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0 votes 24 answers Share Flag
Sun May 21, 2017
Chris Kaufman answered:
The Mortgage is tied to the property - if it is not paid they can file foreclosure...

Florida is a lien in place state, which means when a note/mortgage is taken out on property there is a lien filed; you hold the deed but they hold the lien against it ... When the mortgage is satisfied either by paying it off or refinancing with another lender the lien is removed via a "satisfaction of mortgage" document,however if you're refinancing the note with another lender they in turn a place a new lien on your property.

quit claim is a process of passing ownership of deed/property but not of removing liens/obligations held against that property.
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0 votes 1 answer Share Flag
Tue May 16, 2017
Rickrafter answered:
My wife and I are both on the dead of our home me first then her name with her last marrege name but mine is the only one on the loan. Who gets the property
0 votes 25 answers Share Flag
Mon May 1, 2017
Palmcoaster2 answered:
There is a home for rent in 15 Carlson Lane. has a pool and is canal front. The rent I was told is about $1,600. House in a deed restricted community (no gated)that makes it look more attractive. Is at walking distance from shopping center, etc.

Good luck and welcome.

Nearby Carlson Lane resident.
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0 votes 22 answers Share Flag
Tue Apr 25, 2017
Nativeson_ja answered:
Old tread but hope someone still checking in; looking to build a 2500 sq.ft, 1200 garage in the 33412 zip code of West Palm Beach FL; mid range finishes. What's average costs per SQ. FT
0 votes 36 answers Share Flag
Mon Apr 17, 2017
Chris Kaufman answered:
I would think if your on the deed homeowners is the primary choice of coverage. Are you not listed on the home owners policy?
0 votes 1 answer Share Flag
Mon Feb 27, 2017
Erichey86 answered:
My husband pass away last April . we went to the bank to reduce the interest rate and put me only on the deed he had cancer. The bank did not put me on the deed. but I am paying the mortgage insurance and taxes . he was married before and had two adult children. what can happened to me ? ... more
0 votes 7 answers Share Flag
Thu Feb 9, 2017
George Kammerer answered:
0 votes 2 answers Share Flag
Wed Jan 4, 2017
Ali H Kargar asked:
Sat Nov 5, 2016
Chris Kaufman answered:
Deed and Loan are typically separate unrelated items... Normally you would not be responsible for the note/loan regardless if your name is on the deed or not...

side bar question: why let house go into foreclosure when it could be sold, or possibly short saled if debt to equity ratio is too high...

if you would like to have more in-depth conversation private message me...
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0 votes 1 answer Share Flag
Sat Sep 3, 2016
mmantovano0109 answered:
Can we have some updated information on the best areas of palm coast to relocate to? Thanks in advance for any suggestions
0 votes 17 answers Share Flag
Tue Aug 2, 2016
Sally Grenier answered:
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