Now that very few things seem safe, it is a good time to think about the safety of your real estate. Real estate can be an individual’s most valuable asset, but it can also be one of the most fought after assets in recovery suits. Here are some things to consider:
- Homestead Property. Owning a Florida homestead offers potential unlimited monetary protection from creditors, making homestead ownership one of the most powerful asset protection tools around. Florida homestead protection is only available to Florida residents as to their Florida homestead.
Read The Full Article
Second Quarter, 2007
Now that the local real estate market is transitioning from a period of runaway prices to a period of price correction, here are some tried and true lessons to be learned:
Runaway markets are not sustainable.Over that past several years Bradenton and Sarasota dominated nearly every list of over heated housing markets. Now we are experiencing the inevitable fallout from out of control speculator-driven markets. Coupled with collateral effects on property taxes and the existing insurance crisis, our local markets are likely to be challenged for the next several years.
Read The Full Article
