The Housing Market in Florida Continues Positive Trends

According to data released by Florida Realtors®, the Florida housing market had increased pending sales, more closed sales, higher median prices and a reduced inventory of homes for sale in June.

“Florida’s housing recovery continues its positive momentum,” said Florida Realtors President Summer Greene. “All of the signs point to solid gains, which is good news for the state’s economy.  In June, pending sales were up 31 percent for existing single-family homes and nearly 23 percent for townhouse-condo units compared to a year ago. The trend shows that many buyers are ready to purchase their Florida dream home, but a lack of financing options and overly restrictive credit standards remain obstacles.”

This is great news for investors and people interested in investing in Florida Real Estate. If you are interested in purchasing, selling, investing in Florida Real Estate, please call us today we will be happy to help you throughout the whole process.

The Royal Palm Bank of Florida, Naples, Florida

We would like to inform all clients and residents in the Naples, Florida area that on Friday, July 20, 2012, the Florida Office of Financial Regulation closed The Royal Palm Bank of Florida and the Federal Deposit Insurance Corporation (FDIC) was named receiver.

All deposits have been transferred to First National Bank of the Gulf Coast, Naples, Florida,and will be available immediately. The former The Royal Palm Bank of Florida locations will reopen as branches of First National Bank of the Gulf Coast during regular business hours.

For more information about First National Bank of the Gulf Coast, visit their web site at:

If you have any questions about the change-over, you can call the FDIC toll-free at 800-830-4697, or visit the FDIC’s web site at:

New Florida Law Requiring E-Mail Service for all cases effective September 1, 2012

The Florida Supreme Court recently adopted Florida Rule of Judicial Administration 2.516, that will be effective September 1, 2012, which states that every pleading subsequent to the initial pleading and every other document filed in any court proceeding, must be served by electronic mail on every party.

E-mail service will be mandatory for attorneys in the following areas of law: civil, probate, small claims, appellate cases, and family law divisions.

There are some exceptions to this Rule, which are:

1. Attorneys having no e-mail accounts and lacking access to the Internet;
2. Pro Se Litigants;
3. Applications for Witness Subpoenas; and
4. Documents served by formal notice or required to be served in the manner provided for service of formal notice.

While service on other parties is still an option, only e-mail service is required. This is great for our Firm as we are a “go green” office.


How to Invest in Real Estate?

As the prices of real estate are getting lower and lower, it is easier for average people to invest in real estate.

According to Investopedia, there are five simple ways to invest in real estate, which are:

  1. Buying rental properties- this is a good source of income once the mortgage is paid off (if applicable) as the rents usually cover the mortgage, taxes and costs of maintaining the property.
  2. Find a Real Estate Investment group- the companies help investors buy through the company and will maintain and manage the property for the investor.
  3. Real Estate Trading- this is pretty much known as “flipping” properties, which is purchasing the property for a short period of time, and then sell after a couple of months for profit.
  4. Real Estate Investment Trust- A REIT is created when a corporation (or trust) uses investors’ money to purchase and operate income properties. These are like stock.
  5. Leverage- this is when have leverage to play around with the investment because the interest on the mortgage is low, or you have enough equity in the home.  

Real Estate can be a great long term investment for you, your family or business. If you have any Real Estate questions please do not hesitate to contact us.
Information obtained from Source:

What Does Probate Mean?

Probate is a process for gathering the decedent’s assets, paying taxes, claims and expenses and distributing assets to beneficiaries.

Florida law establishes two types of probate administration:

  • Formal Administration, and
  • Summary Administration.

These two types of probate administrations vary depending on the size of the estate. It is important to contact a Florida probate attorney to make sure you file the correct paperwork to file with the Court.

Tackling the administration of the Estate should not be painful or overly burdensome if you hire an ethical attorney interested in a fair settlement of the affairs.

Hiring an attorney to understand the often complex lives of the decedent will often speed the distribution of those assets that do pass through the estate to the beneficiary.

Wills, trusts, and other estate planning documents must be as detailed and thorough as possible to ensure that your estate is protected. Our firm is dedicated to seeing that clients’ are protected into their estate plan. Please contact Boyer Law Firm for more details regarding probate.

Do You Have Enough Insurance As a Small Business Owner?

Even though big disasters can cause major damage, so can minor disasters like the neighborhood power outage, burst pipes or floods from the neighbor. These minor disasters can lead to a business shutting down for a couple of hours or days, which could force an under-insured business to close down for good.

The Small Business Administration has approved more than $132 million in disaster loans to more than 1,400 businesses to cover under-insured losses. It is essential to protect your business investment with enough insurance to help with the disaster and quickly resume operations.

Below are a few action items taken from the Small Business Administration’s blog to consider when filling out the insurance portion of your business continuity plan:

  • Review Your Insurance Coverage.
  • Consider Business Owner’s Insurance.
  • Consider Flood Insurance. According to the U.S. Geological Survey, floods are the leading cause of natural disaster property losses.  Business owners, particularly those running home-based businesses, should consider getting coverage from the National Flood Insurance Program. Most homeowners’ insurance policies don’t cover flood losses.
  • Up-keep Inventory sheets of what you own.

It is imperative to have a plan in place to restore your business to its pre-disaster condition after the fact. Yes it may take some up-front cash to maintain the right insurance policies, however in the long run it will make a difference if ever a disaster occurs. Like the old saying states “better safe, than sorry!”


Why your Business Credit Score is Important

As a business owner, it is important to separate your personal and business finances. There is a strategy to implementing a good credit score for your company.

A business credit score is much like your own personal credit score; it shows the ability to repay its debts. Good business credit will be helpful if you decide in the future to apply for business loans, etc.

The Small Business Administration guest blogger and business credit adviser, Marco Carbajo, offers these 10 reasons to start building credit in your business’ name:

1. Protect your personal credit ratings 

2. Protect the corporate veil 

3. Limit personal liability 

4. Conserve cash flow 

5. Limit accumulating personal debt 

6. Maximize financing opportunities 

7. Build a business asset 

8. Limit inquiries 

9. Receive larger credit limits 


There are many factors that affect your business credit score just like your personal credit score such as payment history, the amount of credit you have available, the age of your credit profile, and delinquencies.

So when you incorporate your company, make sure to think of these helpful tips to building your business credit score.

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