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California millionaires are heading across the country to Florida to escape the new increase in taxes. Those who make over $1 million per year will be faced with a 51.9 percent federal-state combined income tax. At 13.3 percent, California’s state income tax is higher than any other state and the steepest it has been since … Read more

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Tags: Business Law in Florida | Florida Real Estate

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Starting TODAY, for the first time ever, borrowers, in Florida and across the U.S., who have never missed a mortgage payment will be able to short sell their houses if they can demonstrate a hardship, such as loss of employment or the death of a spouse. This new rule will allow for underwater homeowners to … Read more

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Tags: Florida Real Estate

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The EB-5 Immigrant Investor program, enacted in 1990, is a way for foreign investors to help boost the American economy and, in the process, gain residency in Florida or in other states across the U.S. Foreign investors can obtain an EB-5 visa if they invest $1,000,000, or $500,000 in high unemployment areas, that leads to … Read more

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Tags: Business Law in Florida | International Law | U.S. Immigration

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A trust is an arrangement wherein one person (the trustee) manages and holds legal title to property owned by another (the settlor or grantor) for the benefit of a third party or parties (the beneficiary). There are many different kinds of trusts, such as a testamentary trust which is a trust created by a person’s … Read more

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Tags: Estate Planning for Florida

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Auto insurance fraud ring busted in Miami

This article is from the The Miami Herald. It underlines why we pay so much in car insurance. Based on other indicators and study, about 10 to 15% of the car insurance premiums paid by Floridians are marked up to compensate for fraudulent payments. “When the owner of a West Miami-Dade medical clinic schemed to … Read more

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Tags: Business Law in Florida

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An interesting article that underlines the weight of Florida in maritime matters. In this article, a former naval officer in the French Navy moved to the United States, and was recruited by a Dubai company to build submarines. The story that follows is more James Bond-type than regular contract dispute…. By CURT ANDERSON , 02.14.11,  … Read more

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Tags: International Law

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“Floridians, who giddily track winter weather reports from the North, woke up Monday prepared to revel in their snow-free sidewalks and high-Fahrenheit fortunes. Another meteorological bullet dodged, chirped the snowbirds. Then they opened their front doors to a comeuppance: a bone-chilling blast in the 30s, from Fort Lauderdale to Jacksonville, that has become the new … Read more

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Tags: Florida Real Estate

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No kidding? Is there ANY type of fraud that does not occur in here? Here is another good article published in The Miami Herald about fraud in the short sale process. A recent report shows a new kind of mortgage fraud will likely grow as short sales become a part of the Florida real estate … Read more

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Tags: Florida Real Estate

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I knew it…Here is more proof. Florida remains the dream place for many foreigners, and not only Latin Americans…. BY KIMBERLY MILLER PALM BEACH POST International buyers have helped buttress Florida’s real estate market with 22 percent of all foreign clients nationally choosing property in the Sunshine State. That makes Florida tops for attracting foreign … Read more

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Tags: Florida Real Estate

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Here is a typical exemple of fraud occurring with some “schools”…. Aussie Air at Fort Lauderdale Executive airport didn’t have federal certification. Adrian Garcia, a 20-year-old from Spain, knew he wanted to be a pilot by the time he turned 9. After high school, he began working at a small airport in his native country … Read more

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Tags: Business Law in Florida

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