What is Due Diligence in Commercial Real Estate?

  WHAT IS “DUE DILIGENCE”? The purpose of a due diligence investigation is to enable the buyer to discover as much as possible about the property before he or she is obligated to buy it.  This includes discovering information that the seller may not want the buyer to know or perhaps information of which the […]

Foreign Investment in Real Property Tax Act: Increase in Withholding Rate

Buyers and sellers of United States real estate should be aware of new changes to the Foreign Investment in Real Property Tax Act (FIRPTA) which affects closings occurring on or after February 16, 2016. When a foreign seller disposes of a United States real property interest, FIRPTA requires the buyer to deduct and withhold a […]

Real Estate and the “Fiscal Cliff”

With the passage of The American Taxpayer Relief Act of 2012 on January 1, 2013, much of the focus, and for good reason, was directed at the tax rates and the budget sequestration associated with the “Fiscal Cliff”.  However, as we move forward in 2013, it is important to recognize the real estate specific provisions […]

Distressed Properties: A Seller’s Perspective

Although the economy and Florida’s real estate market show glimpses of recovery, distressed properties remain abundant. The Federal Government had hoped to curtail this real estate epidemic through numerous mortgage modification programs, however, their projected goals of modifying eight million mortgages have fallen short. The Federal Government has now turned to a new short sale […]

Florida Senate Bill 2430 Drastically Alters Documentary Stamp Tax Provision

Recently, Governor Crist approved Florida Senate Bill 2430 which amended Florida Statute 201.02 effective July 1, 2009. This newly enacted bill has drastically altered the documentary stamp tax provision of Florida Statute 201.02 by providing that effective July 1, 2009 conveyances of interests in “conduit entities” that occur within three years after the conveyance of […]