Condo FHA Loans

More South Florida Condo Buyers May Be Able to Get FHA Loans

Loans from the Federal Housing Administration (FHA) can be a great way for first-time buyers to purchase a home, since they require a much smaller down-payment than typical home lenders do. But buying a condominium (rather than a single-family home) with an FHA loan has been nearly impossible, because only a tiny fraction of condo projects has received the approvals needed by the FHA. Read more

Previously Married With Kids? Make Sure You’re Leaving Your Home to Those You Intend

Pretty much every week I meet with a couple who have been married previously, who want to be sure their will is up to date. Ensuring that a will and other important documents that you drafted years ago are current is a valuable exercise, one I recommend couples do regularly. (More on this below.)

But married couples who have children from a prior relationship need to look beyond their will to consider what is likely their most important asset: their home. 

And that requires a close look at your deed.  Read more

Probate

When Does It Pay to Wait to Probate

In Florida, as in many other states, you can begin a probate for a deceased relative or friend as soon as the person passes away. Often, there are sound reasons for starting the probate as soon as several days or weeks. But sometimes, it is smarter to wait.

Starting early means the estate can begin the process of inventorying assets and putting up the person’s house for sale. And because probate can take months or longer, the sooner it is started, the quicker the heirs can get their inheritance. Read more