What's New!

Seller Financing: Still an Option?

By John St. Lawrence, Esq, Legal Education Attorney, The Fund

The Consumer Financial Protection Bureau's (CFPB) Loan Originator Compensation Rule went into full effect in 2014 bringing a subset of small mortgage lenders under a previously unknown level of federal regulation.  As a result some types of private mortgage financing are now too risky or cumbersome for many to contemplate.  This is unfortunate since seller and private financing are very popular and legitimate financing sources for intra-family loans, underserved communities and rural or non-conforming properties.

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EVENTS CALENDAR

News

  • Report from 2019 Real Property, Probate and Trust Law Section of The Florida Bar Annual Convention

    Report from 2019 Real Property, Probate and Trust Law Section of The Florida Bar Annual Convention

    As we reported in the last issue of Council Connections, Attorneys’ Real Estate Councils of Florida (Florida ARECS) is now a sponsor of the Residential Real Estate & Industry Liaison Committee of the Real Property, Probate and Trust Law Section of The Florida Bar (RPPTL).  

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  • 2019 Florida Realtors® Convention and Trade Show

    2019 Florida Realtors® Convention and Trade Show

    For the third year in a row, Florida ARECS has secured a booth at the Florida Realtors® Convention and Trade Show scheduled for August 21st and 22nd at the Rosen Shingle Creek Resort in Orlando.

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  • Latest REC News

    Lastest REC News

    The Bay Area Real Estate Council hosted a presentation on 1031 Exchanges by Janet Schaum of Old Republic Exchange at their quarterly meeting on June 11th at the Centre Club.

    Read more ...  



NEWS UPDATES

Blog

  • Seller Financing: Still an Option?

    Seller Financing: Still an Option?

    By John St. Lawrence, Esq, Legal Education Attorney, The Fund

    The Consumer Financial Protection Bureau's (CFPB) Loan Originator Compensation Rule went into full effect in 2014 bringing a subset of small mortgage lenders under a previously unknown level of federal regulation.  As a result some types of private mortgage financing are now too risky or cumbersome for many to contemplate.  This is unfortunate since seller and private financing are very popular and legitimate financing sources for intra-family loans, underserved communities and rural or non-conforming properties.

    Read more ...  
  • What Real Estate Agents Should Know about Sellers’ Disclosures

    What Real Estate Agents Should Know about Sellers’ Disclosures

    By: Marshall C. Deason, Jr., Board Certified Real Estate Lawyer, Older Lundy & Alvarez, Tampa, FL

    In 1998, the Florida Supreme Court decided the case of Johnson v. Davis, which created a new duty for sellers of residential real estate.  In this case, the Court ruled that sellers must disclose any material defects in the property which are known to the seller and which are not open and obvious.  In the line of cases which followed over the next several years, courts ruled that the duty to disclose applies to real estate brokers and agents and that making a sale “AS IS” does not eliminate or limit the duty to disclose.  In addition, a buyer cannot waive the right to receive disclosure.

    Read more ...  
  • What is the Title Insurance Commitment Really Saying?

    What is the Title Insurance Commitment Really Saying?

    By: Rene’ Rutan, Real Estate Council Relations Manager, Florida ARECS

    In 2010, Florida was the last state in the U.S. to approve the American Land Title Association (ALTA) 2006 Title Insurance Forms, which accomplished numerous objectives, one of which was to simplify the legal nature of the language.  Despite these efforts to simplify, title insurance still has its own language so let us help you understand what the title commitment is really saying.

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INDUSTRY BLOG

 

CONSUMERS

No two deals are ever the same.
You need all the support and information you can get.

 

BUYING

Buying your home is the single biggest investment most people make. It’s important to get it right the first time.

  • How to make your dream team
  • Understand financing
  • Understand the contract
  • Learn the closing process

FIND AN ATTORNEY

SELLING

The process of going from “for sale” to “sold” isn’t always a straight line. Every property is unique, and so is every sale.

  • The strategy
  • The contract
  • The closing process
  • Resources

FIND AN ATTORNEY

 
 

 
 
 

REAL ESTATE PROFESSIONALS

As a real estate professional it is important to get an edge over your competition.

Education and working with a trusted Real Estate Attorney helps you close deals with confidence. The Florida ARECS are here to partner with you and support you.

TOGETHER WE ALL SUCCEED

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PREPARE FOR
YOUR FUTURE

Are you considering Seller Financing? The rules have changed, and you or your client may be subject to new regulatory obligations. Don’t let your deal get terminated

Implementing the CFPB loan originator rule

 

WATCH NOW

The Originator

Florida ARECS – Message from the Board!

It has been a very busy time at Florida ARECS! First, we welcomed a brand new REC to our coalition. The Historic Coast Real Estate Council will serve real estate attorneys located in St. Johns and Flagler counties.

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MEET OUR DIRECTORS

Strong leadership is the foundation to our success. Get to know the people who help bring Florida ARECS together.


LEADERSHIP BIOS

 

 
 
 

ATTORNEY MEMBER

We would like to welcome you to FLARECS.com, the new consolidated website for all 20 local real estate councils.

FLARECS.com is “REC Central”

The place to come for the latest in REC news, education and marketing tools.

 

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