Marlyn J. Wiener, P.A.

Commercial Tenants Beware of Signage Restrictions

Sun, 31 Jan 2010 05:29:45 -0800

We all know the real estate mantra: location, location, location. However, before signing a commercial lease for that perfect retail location, a prospective retail tenant should fully investigate signage restrictions contained in the proposed lease or imposed by the municipal government.

There is nothing short about a short sale ? but help may be on the way

Sun, 24 Jan 2010 17:27:01 -0800

I often describe a short sale as having three moving pieces or parts. The first part is securing a signed agreement of sale with a financially qualified buyer who has the patience and commitment to stay in the deal during the long short sale approval process.

Florida Supreme Court Adopts Mediation Program for Residential Foreclosures

Sun, 24 Jan 2010 17:00:57 -0800

On December 28, 2009 Florida Supreme Court Chief Justice Peggy Quince signed an Administrative Order adopting the recommendations of the court's Residential Mortgage Foreclosure Task Force requiring mediation in residential mortgage foreclosure cases. Trained mediators will try to help the lender and borrower reach an agreement. Only borrowers with homesteaded properties are eligible.

Documentary Stamps Tax: The Hidden Cost of a Deed in Lieu of Foreclosure

Wed, 7 Jan 2009 18:22:10 -0800

Many owners of property in distress consider a deed in lieu of foreclosure; deeding the property to the mortgage lender. Negotiation of a deed in lieu of foreclosure is a complicated process typically involving the lender's review of the borrower's current financial information, evaluation of the property's fair market value, and investigation into the title to the property to identify any other liens and interests.

Battling the Recession - Strategy for the Small to Mid Size Business

Wed, 7 Jan 2009 18:05:33 -0800

Rental expense is one of the largest fixed expenses a small to mid size business faces each month. As we move into the second year of this recession and after a dismal holiday season for retailers, business owners and operators need to take a hard look at ways to reduce overhead expenses to compensate for declining revenues. Many businesses are facing a real crisis; will they make it through 2009?