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Florida Property Law
Florida is one of several states where the courts are required to be involved in every step of the foreclosure process. By 2012, it took three years to complete the process. In nonjudicial states, it takes an average of 100 days. As a result of the United States housing bubble, there is a large backlog of housing that is in the foreclosure process but unavailable to the market. This overhang has had a detrimental effect on the housing market. Chapter 197.4 (of Title XIV) of the Florida Statutes applies to tax lien sales which provide liquidity to counties in lieu of actual taxes (investors are allowed to bid on and purchase tax lien certificates, which upon payment of the tax are repaid with interest to the investor). Chapter 197.5 of that same Title applies to tax deed sale A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner. The sale, depending on the jurisdiction, may be a tax deed sale (whereby th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Housing Bubble
The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States. Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, Henry Paulson, the U.S. Secretary of the Treasury, called the bursting housing bubble "the most significant risk to our economy". Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but mortgage markets, home buil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florida Today
''Florida Today'' is the major daily newspaper serving Brevard County, Florida. Al Neuharth of the Gannett corporation started the paper in 1966, and some of the things he did with this newspaper presaged what he would later do at USA Today. In addition to its regular daily publication, ''Florida Today'' publishes three weekly community newspapers that are tailored for the North, South, and Central areas within Brevard County. Average daily circulation ($1.25/issue) of the main publication is 54,021, with Sunday circulation ($3.50/issue) 89,328 (2013). Circulation of the paper tends to be higher in the winter, lower in summer. History Gannett's ''Florida Today'', initially simply ''TODAY'', was built at the ''Cocoa Tribune'', to compete with the regional and dominant ''Orlando Sentinel'' and the statewide ''Miami Herald''. When Gannett (Gannett Florida) acquired the Cocoa newspaper, it also acquired the ''Titusville Star-Advocate'' in the county seat to the north, and the tab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne, Florida
Melbourne is a city in Brevard County, Florida, United States. It is located southeast of Orlando. As of th2020 Decennial Census there was a population of 84,678. The municipality is the second-largest in the county by both size and population. Melbourne is a principal city of the Palm Bay – Melbourne – Titusville, Florida Metropolitan Statistical Area. In 1969, the city was expanded by merging with nearby Eau Gallie. History Early human occupation Evidence for the presence of Paleo-Indians in the Melbourne area during the late Pleistocene epoch was uncovered during the 1920s. C. P. Singleton, a Harvard University zoologist, discovered the bones of a mammoth (''Mammuthus columbi'') on his property along Crane Creek, from Melbourne, and brought in Amherst College paleontologist Frederick B. Loomis to excavate the skeleton. Loomis found a second elephant, with a "large rough flint instrument" among fragments of the elephant's ribs. Loomis found in the same stratum mammo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florida Statutes
The ''Florida Statutes'' are the codified, statutory laws of Florida; it currently has 48 titles. A chapter in the Florida Statutes represents all of the relevant statutory law on a particular subject. The statutes are the selected reproduction of the portions of each session law, which are published in the ''Laws of Florida'', that have general applicability. While the legislature may create specific chapters, the Florida Office of Legislative Services' Division of Statutory Revision has the final authority to determine where the legislation will be codified and the location of the sections within the chapters. This is why some laws do not appear in the statutes where the bill identifies their placement. Since 1999, the Florida Statutes have been published in their entirety annually. Before then they were published bi-annually following each odd-year regular session and a supplement was published following each even-year regular session. The practice of publishing the Florida Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Lien Sale
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result. General The governmental entity can be any level of government that can assess and collect property taxes or other governmental debt, such as counties (parishes, in the case of Louisiana), cities, townships (in New England and other jurisdictions), and school districts (in places where they are independent of other governmental jurisdictions, such as in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Deed Sale
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result. General The governmental entity can be any level of government that can assess and collect property taxes or other governmental debt, such as counties (parishes, in the case of Louisiana), cities, townships (in New England and other jurisdictions), and school districts (in places where they are independent of other governmental jurisdictions, such as in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homestead Exemption In Florida
The homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: # exemption from forced sale before and at death per Art. X, Section 4(a)-(b) of the Florida Constitution # restrictions on and alienation, Art. X, Section 4(c) of the Florida Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Law In Florida
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights. In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will (rather discretion) with regard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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