The Clock Is Ticking -Check Your Watch,Your Customers Are By Anne L. Weintraub, Esquire Anne Weintraub P.A. In the age of “technology mania”, time matters more than ever. Your clients now expect to hear from you yesterday and you must be prepared. If you do not respond to phone calls or emails immediately, there is a good chance your prospect will move on to another Realtor. It happens to me from time-to-time. A potential client will call-I will be out to lunch-and by the time I get back-sometimes even one hour later-they have already located another attorney. And, there is […]
Take Over The Payments By Jeff Riddell Unfortunately, many people would like to dump their properties even though they made substantial downpayments. Some use jingle mail (send the keys to the lender and walk away). There are consequences, however. Since the lender will still need to foreclose, the owner will still have a foreclosure on his record. Other than the temporary moratorium for primary residences, at least in Florida every foreclosing lender has the right to pursue a deficiency judgment, and more are doing so. Usually there is no defense to the deficiency claim. To defend, the owner would need […]
Jo Ann M. Koontz To Lead New Yesner & Boss Legal Office. Tampa Bay area law firm Yesner & Boss, PL, announced the opening of a new office in Sarasota, Florida. The office is led by seasoned attorney and certified public accountant Jo Ann Koontz
1031 EXCHANGE By Jeff Riddell If there are taxes to be saved, a 1031 exchange should be considered as the exit strategy for any real estate that qualifies. Under the current rules the process is simple: Hire a qualified intermediary (QI) company and sign an exchange agreement, sell your relinquished property, escrow the proceeds with the QI company and reinvest in qualified replacement property within 180 days. Except for personal use properties, any real estate qualifies if it’s held for investment or productive use in a trade or business—including rental real estate of every kind. Tax deferred exchanges under Section […]
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Thursday, July 11, 2013
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