For many people, real estate purchases are some of the biggest investments they’ll make in their entire lives—which is why it’s so important to protect against fraud. If your purchase is anything less than airtight, the financial consequences can be devastating. That’s why it’s smart to hire a real estate lawyer in Miami, FL. We can help you make sure everything is above board before you sign on the dotted line. Here are our best tips for making sure you’re not a victim of property fraud: Do your research: Buying property should not be a decision entered into lightly. The... View Article
Buying a home is one of life’s biggest milestones, but it can also be an overwhelming and frustrating task. It’s a personal purchase that comes with a lot of red tape and legal requirements that you may not be familiar with. Hiring a real estate lawyer in Miami, FL can save you hours and frustration. While it’s not legally required in most states, the benefits—including your peace of mind—far outweigh the cost. Real estate attorneys generally handle documents such as purchase agreements, mortgages and title or transfer documents. They’re trained in how the law and homebuying intersect, and can act... View Article
Private mortgage insurance exists to protect your lender in the event you default on your mortgage payments. In most cases, a lender will require you to purchase PMI if you put down less than 15 or 20 percent on your home purchase. The PMI cost then gets automatically added to the amount you pay on your mortgage each month. Over the course of time, these PMI payments can really begin to add up, so you’ll want to get those costs removed eventually. To do that, your lender will likely require you to have reached a certain amount of accumulated equity... View Article
For many Americans, homeownership is a big part of the American dream. Of course, home ownership isn’t all sunshine and roses—it’s a big financial commitment and a whole lot of work. This makes purchasing a home one of the biggest decisions you’ll ever make in your life. If you’re currently at a time in your life where you’re renting and are considering buying a home, it’s very important for you to weigh whether or not this is the right decision. As part of your consideration, you should consider the many advantages that come with homeownership over renting a home. Here... View Article
Do you know enough about title insurance in Miami, FL to purchase a home? Are you familiar with the laws surrounding title insurance? If your knowledge level is lacking, use the following guide. These questions will provide an overview of title insurance in Miami, FL to educate you on the basics of this important topic. If you have additional questions, don’t hesitate to contact a local real estate attorney at the office of Ruben J. Padron, PA. How much coverage do I need from title insurance in Miami, FL? Your lender may require additional insurance on your mortgage or your... View Article
