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News & Notes

One Family Cannot Claim Homestead Exemption in Two States

Date 03-31-2016

by Khila L. Khani, Esq. On March 23, 2016, the Fourth DCA a/k/a the appeals court of Florida decided in VENICE L. ENDSLEY, Appellant, v. BROWARD COUNTY, FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT, REVENUE COLLECTIONS DIVISION; LORI PARRISH, as Broward County Property Appraiser, et al., Appellees. 4th District. in Case No. 4D14-3997┬áthat Article VII, Section 6(b) […]

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The Importance of Hiring a Real Estate Attorney

Date 02-19-2016

I like to call this, “Story Time with Khani & Auerbach”. Yesterday, I received a phone call from a lovely lady regarding a Time Share transfer. The transfer to our caller was conducted back in 2007, but she had some concerns about her ownership interest and wanted to know where she stood. She wanted to […]

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Victoria Park canal

Florida Homestead Exemption Filing Deadline is March 1, 2016

Date 01-29-2016

Homestead Exemption Filing Deadline is March 1, 2016 All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a […]

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FIRPTA Withholding Rate to Increase to 15%

Date 01-14-2016

Effective Feb. 16, FIRPTA general withholding rate increases from 10% to 15% Author: Jonathan H. (Jason) Warner Recent federal tax legislation increases the FIRPTA general withholding rate from 10% to 15% effective for closings on or after February 16, 2016. Closing agents should adjust their procedures and forms to reflect this change. (If you want […]

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Is Consummation the Same Thing as Closing?

Date 11-30-2015

On October 3rd 2015, the Consumer Finance Protection Bureau (CFPB) implemented new regulations with respect to consumer financing. These regulations affect anyone who purchases real estate and obtains a loan (whether through a bank, mortgage broker or private lender). This video explores a few of those changes and how some of the terms we have […]

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