Hugo Alvarez

March 9, 2017

You Should Always Make Sure You Understand What You Are Signing When Buying Property

  Moreno v. First International Title, Inc., is a case that illustrates the very important point that you should always make sure you understand what you are signing when buying property.  In that case, Victoria Moreno (“Moreno”) purchased property encumbered with liens and code violations.  Prior to closing, she was given several documents explicitly disclosing each of the code violations and liens, and indicating the amount necessary to cure, which was approximately $64,000.00.  She also signed a Hold Harmless document, which had attached the list disclosing all the violations and lien information.  The closing occurred a few days later.  Moreno […]
March 8, 2017

Your Insurance Claim May Be Dead On Arrival and Denied if You Fail to Adhere to the Conditions Set forth in Your Insurance Policy

Your insurance claim may be dead on arrival and denied if you fail to adhere to the conditions set forth in your insurance policy.  This point is illustrated by the ongoing dispute Alfredo Hernandez (“Hernandez”) had with his insurance company, State Farm. Hernandez was initially paid $36,858.80 for losses caused by Hurricane Wilma. Hernandez claimed that he noticed additional damages sometime after the initial payment and proceeded to renovate the large majority of his home.  Hernandez did not contact Sate Farm before, during, or after the repairs to allow inspection and kept only minimal records of the costs associated with […]
February 17, 2017

Tenant Occupied Real Estate

Today we want to talk a little bit about tenant occupied real estate when you are either buying or selling. If you are selling real estate property and your property is currently occupied by a tenant, you need to find a buyer that is happy with a tenant occupied property and a buyer that is willing to buy that property subject to the tenant’s rights. You can of course get into some kind of agreement with your tenant prior to selling the property, whereby the tenant will leave once you close. But absent such an arrangement, the buyer has to […]
February 14, 2017

How to Sell a Home While Trying to Buy One at the Same Time

Buying a home is often a difficult process in and of itself.  But how about if you are trying to sell a home while trying to buy one at the same time?  It can be done if you have a plan and know what you are doing. We have previously discussed the importance of hiring a real estate professional to help you navigate through the property buying/selling experience.  This is even that much more important if you are doing both at the same time.  An experienced real estate agent will know when the market conditions will make it easier to […]