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April 2016 Archives

Buyer Beware When Buying Foreclosure Properties in Florida

Real Estate investors who buy mortgage foreclosure properties at the court house auction often ask us questions about the protecting themselves. Unfortunately, many ask too late. They fail to realize that for the cost of about a year's worth of air conditioner filters, they can perform a title search to protect their investment, or pass on a potential opportunity that would turn out to be a huge loss of money. We received so many questions on this topic, that we did one of our first Yesner Law Podcast episodes on the topic, Episode 4, Courthouse Auctions.

Asset Protection: Florida's Homestead Exemption v Homestead Exemption in FL

When a borrower defaults on a payment obligation, whether a mortgage payment, credit card payment, signature loan, student loan, or any other type of repayment agreement, their first concern is normally asset protection, "will the creditor take my house away from me?". Our response differs based on the type of debt and whether the borrower has a homestead residence. When they hear this, some clients respond "I did not file for the homestead exemption. Is that going to be a problem?"

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Yesner Law
13135 W. Linebaugh Ave., Suite 102
Tampa, FL 33626

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