myrealestateauthority Contracts, Escrow, Purchase

Agents must send copies of escrow checks – right?

Florida Realtors Legal Hotline gets many questions about the rules governing escrow deposits – and many come from listing agents upset because they haven’t received proof, or at least notification, that the buyers made deposits by the dates stated in the contract. Here is an overview of the most common issues. Proof of depositThe call … Continue reading Agents must send copies of escrow checks – right?

myrealestateauthority Contracts, Purchase

What If Someone Fails to Completely Fill Out a Contract?

Some contract “blanks” have a default, such as “3 days if left blank.” But others – sometimes important ones – do not. A quick hint: If there’s an asterisk near the line number, a blank should be reviewed. And remember that key dates and timeframes are important. If your customer is satisfied with a contract’s … Continue reading What If Someone Fails to Completely Fill Out a Contract?

myrealestateauthority Condos

It’s Here: Mortgage Rule Opens Door to Thousands of Condos

WASHINGTON – First-time homebuyers often opt for a condo, but rules for Federal Housing Administration (FHA) loans banned many units and complexes in Florida from participating. However, that changes on Tuesday, Oct. 15, when updated FHA rules go into effect. The new FHA condominium approval regulation – and a new Condominium Project Approval section of … Continue reading It’s Here: Mortgage Rule Opens Door to Thousands of Condos