Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Monday, April 23, 2018
Palm Beach County’s Luxury Real Estate Market
Henrietta Feldman has been practicing real estate law since 1999. After working for several years in Boston, Henrietta “Hattie” Feldman recently moved her practice to Palm Beach, Florida.
Palm Beach is a picturesque town with great weather, beaches, and golf courses, making it a popular region for high-end real estate. The area is known for its luxurious homes, but the wider Palm Beach County real estate climate is heating up.
In recent months, Palm Beach County has seen single-family homes and condos selling for $8 million to $70 million. The Bristol is a condo development on West Palm Beach that is known as the most expensive condo development ever constructed, with each unit valued at around $10 million. The complex will have 69 units with three to five bedrooms in each condo.
Another new addition to the luxury condo boom in Palm Beach County is under construction on South Ocean Boulevard. This luxury complex will include a 24-hour concierge, private security, and a private jet airline provider for quick and convenient transportation.
Monday, January 22, 2018
Two Attractive Real Estate Markets in Florida for 2018
Henrietta Feldman is an experienced real estate attorney in Palm Beach, Florida. As the owner of her own law firm, Henrietta Feldman takes on clients dealing with matters of commercial and residential real estate law in both Florida and Massachusetts.
In 2017, Trulia listed the 10 most active real estate markets in the United States, with each of the top three positions going to Florida. In 2018, the real estate forecast calls for even more action throughout the state. Deltona and Lakeland are particularly interesting markets.
Residential properties in Deltona, Florida, have an average listing of $275,050, or about $159,000 within the city limits. However, industry insiders expect to see the market change with a 5.5 percent increase in sales and a price growth rate of 6 percent. Deltona’s location is a key selling point, as the city is just 30 minutes from both Orlando and Daytona Beach.
Lakeland also provides investors and homebuyers with a prime location. Located 40 minutes east of Tampa and about an hour’s drive from Orlando, Lakeland is an ideal location for commuters who are interested in cutting costs. Homes in the greater Lakeland area typically sell for about $225,000, though 2018 is expected to bring sales and price growth rates of 3 and 7 percent, respectively.
Monday, November 13, 2017
An Introduction to Property Liens
As a real estate attorney, Henrietta Feldman works with buyers and sellers in both Florida and Massachusetts. Henrietta Feldman comes to this role with a detailed knowledge of property liens and how they affect a sale.
A lien on a property can interfere with the smooth sale of that piece of real estate. The lien itself functions as a notice of an unpaid debt, which the property owner must pay off in order to clear the property title.
One common source of property lien is an unpaid county, state, or federal tax bill. These are most common among homeowners with sporadic income or other circumstances that make wage garnishment difficult. If the lien is large, the government may choose to force sale of the property to collect.
Homeowners who have lost a case in court may have what is known as a judgment lien, the payoff of which goes to the plaintiff in the case in question. Somewhat similar is the mechanic's lien, which a contractor or other service provider may place on a title if a bill goes unpaid. The service provider must record this within one to six months of the unpaid bill, and must then file a lawsuit within a year in order to collect.
Creditors may force the sale of the property to collect the lien. Such events are rare, however, as mortgages typically take precedence over any liens. This means that a foreclosing creditor would need to take on mortgage payments. The average creditor tends to find it more financially viable to wait for the homeowner to sell at will and use the purchase price to pay off the lien.
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