1031 Exchange Quick Reference Guide

Darren Inverso Estate Planning, Real Estate Law

At this time of the year many investors and real property owners are looking to capitalize on increased value and retained equity by liquidating property and purchasing new investments.  When contemplating your next investment be sure to remember one of the last few vehicles to defer taxes and maximize spending power through a 1031 exchange. Below is a brief outline …

Real Estate Boom in Sarasota Continues

Norton Hammersley Real Estate Law

SUPPLY AND DEMAND! Demand is certainly exceeding supply this summer in Sarasota, Bradenton and Lakewood Ranch! Buyers keen to be in their new home before school starts will find very tough competition when negotiating. If you’re thinking of selling now is certainly the time.  Homes are selling at the fastest rate since 2006 and we are seeing multiple offers coming in very …

Exciting new commercial and residential developments in Sarasota

Norton Hammersley Business & Corporate Law, Real Estate Law

In previous blogs we reported on the exciting new commercial and residential developments that show the economy is strengthening and the Sarasota Bradenton area is thriving. Most people welcome the development and the business and commerce it brings along with it, however there is always that voice that worries about what impact it will have on the area we all …

Are you subject to Ad Valorem Property Taxes?

Michael Infanti Real Estate Law

OWNERS OF PARTIALLY COMPLETED HOMES MAY BE SUBJECT TO AD VALOREM PROPERTY TAXES Regrettably, many homeowners incorrectly believe that a partially completed home will remain classified as vacant land, and that the improvements will not be subject to ad valorem property taxes, as long as the certificate of occupancy has not been issued, and the final improvements remain under construction. In believing so, some homeowners …

Sarasota Real Estate Boom Continues

Norton Hammersley Real Estate Law

It looks like Sarasota is having somewhat of a face lift. The city issued record setting permits rolling the building boom right into 2015. Some may worry about the mark this may leave on such an already beautiful city whereas others are excited for what they see as much needed growth and development. No one of course can argue about …

The Latest on Flood Insurance Regulation and Premiums: The Homeowner Flood Insurance Affordability Act of 2013”

Norton Hammersley Real Estate Law

Hurricane Betsy, or “Billion-dollar Betsy”, struck New Orleans in 1965, destroying innumerable homes.  Before Betsy hit, flood insurance was extremely hard to come by.  After Betsy hit, it became nearly impossible to get flood insurance, as many carriers stopped providing flood coverage and issuing flood insurance policies.  Property owners who experienced a flood often found themselves devastated and unable to …

Marketable vs. Insurable Title in REO Transactions – What is the Difference?

Michael Infanti Real Estate Law

In today’s market, some bank-owned and foreclosure properties (REO) can offer great reward to courageous buyers, but can also be fraught with potential title issues for the unwary.  This article will briefly distinguish some of the differences between “marketable” and “insurable” title, and how those differences might affect an REO purchase. As a general rule, all marketable title is insurable.  …