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Widerman Malek Law Blog

What Is Probate and Should You Avoid It?

For many families, avoiding probate may be a worthwhile endeavor in which to invest time and money. Estate planners, wealth management advisors and attorneys have built an industry helping people bypass probate. However, there are also common misconceptions about probate and the need to avoid it. To help give you a better understanding of the […]

What Investors Should Know Before Buying Foreclosure Properties

Foreclosures A foreclosure surge is coming. The recession, unemployment, continuing pandemic crisis, and end of government foreclosure moratoriums and lender forbearance plans will lead to the next housing crisis. During the previous foreclosure wave, most homes were “upside down,” as values sank below the mortgage debt and created a short sale market. This time, foreclosure […]

New Florida Law SB 1084 on Emotional Support Animals in Housing Is Effective July 1

The Florida legislature recently passed SB 1084 to create clarity and more consistent legal standards for emotional support animals (ESA) in housing. On July 1, 2020, the law went into effect. This article discusses some of the most significant aspects of the new law. People with disabilities and disability-related needs for an ESA are entitled […]

Real Estate Market and COVID-19 Crisis: Impacts, Lessons and Plans

The COVID-19 (coronavirus) pandemic has pushed the U.S., and the rest of the world, into an economic recession. All stakeholders in the real estate market – lenders, borrowers, landlords, and tenants – will suffer consequences, and many, severely. To help those who are affected understand and respond to the impacts, this article reviews the current […]

What New Real Estate Investors Should Know About Wholesaling

Real estate investing should be part of every wealth-building strategy. In Florida, we’ve enjoyed a hot real estate market for several years after recovering from the historic crash and global recession of a decade ago. A popular investing strategy, especially for new investors, is called wholesale investing or “wholesaling.” I have represented investors who have […]

Ways to Sell Real Estate with Deferred Payment: Seller-Financing and Option Agreements

Many property-owners encounter opportunities to sell their properties in unconventional ways.  Often, these opportunities involve selling to a buyer who will not fully pay the purchase price, whether with cash or lender-financing, up front.  There are situations beneficial to the seller to consider such options.  This article will summarize two common scenarios for deferred payment […]

Understanding Liens—a Gold Mine or Land Mine, Part 3

We ended our last blog with a land mine many investors face during a purchase of a property in foreclosure – unknown or unforeseen liens such as past HOA dues. Because foreclosures present good purchase opportunities for investors, it’s important for investors to understand basic concepts in the foreclosure process.  All foreclosures are actions are […]

Understanding Liens—a Gold Mine or Land Mine, Part 2

In Part One of this series, I discussed the importance for investors to know just what they are buying when seeking out distressed property.  As described in the our first blog,  it is ok to buy that 7-11 hot dog, but only if that’s the value purchase you intend to make.  Investors should know what […]

Understanding Liens—a Gold Mine or Land Mine, Part 1

Warren Buffet is widely regarded as one of the greatest investors of all time. Though he’s not famous for real estate investing, his principles are universal. Buffet built his fortune on value investing and the idea that you make your money when you buy, not when you sell. He has long talked about buying shares […]

Options for Selling Inherited Real Estate in Florida

Option: Selling to an Investor There are many real estate investors very interested in buying properties out of probate.  Some investors specialize in this market and manage marketing campaigns targeting heirs.  The most common way to reach heirs is by getting their addresses through public record probate filings used to send direct mail pitches to […]

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