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MSC TitleTalk: Homestead and marital status

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When it comes to selling or purchasing a homestead property, it is important to consider certain questions regarding rights. In Florida, marital status and titles of homestead properties fall under certain laws and actions of the state constitution. In the latest TitleTalk for Q2 2022, we explain the importance of Sales Associates and loan [...]

MSC TitleTalk: 2021 FRBAR contract changes in effect

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The Florida Realtors/Florida Bar Contract for Sale and Purchase (FR/Bar) AS IS and Residential forms have undergone changes as of November 1, 2021. Seven Riders were updated and three new Riders were included. It is common for these forms to undergo changes every few years as various laws, technology advancements and societal occurrences [...]

MSC TitleTalk: Homestead Exemption

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  Since January 2020, hundreds of thousands have relocated to Florida for the desirable weather and lifestyle preferences, calling it their new permanent residence. If this is true for you and you're a new homeowner, you should consider filing Homestead Exemption. Homestead Exemption entitles qualifying homeowners a deductible up to [...]

MSC Title Talk: Condominium, villa and town home forms of ownership

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When it comes to ownership of condominiums, villas and town homes, the requirements differ from single family homes in a few ways. This month’s newsletter offers some clarification on the most commonly asked questions and explains the rights of owners and purchasers of condominium, villas and town homes. [...]

MSC Title Talk: Property assessed clean energy (PACE)

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In an effort to promote energy efficiency, PACE financing is becoming available in our area. This allows homeowners to finance qualifying improvements falling under energy efficiency. In this newsletter we discuss what items qualify, the disclosure requirements by the seller and how it will affect closing on a property that is [...]

MSC Title Talk: Closing Timelines

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Knowing and understanding the importance of critical dates in a contract are necessary to avoid risk and liability — not only to a buyer, but to the agent and the brokerage. In this blog, we address the most commonly seen risks and potential liability when writing a 2-week contract in a real-life example recently closed by [...]

MSC Title Talk: Municipal Lien Searches and Recent Pitfalls

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In this quarter's newsletter, we explore the importance of municipal lien searches and why county turnaround times need to be factored into the closing process to avoid buyers inheriting unnecessary bills from the sellers. The below, real-life example is not uncommon and one of the many reasons a [...]

MSC Title Talk: How to Avoid Common and Convincing Scams

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In this quarter's newsletter, we offer a real-life example of a sophisticated fraud that involved local agents and a vacant lot in Port Charlotte. We’ll also provide tips on how to spot such a sham and protect yourself and your customers so it won’t happen to you or them.

The below account is a real-life example of attempted fraud.

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