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Berlin Patten Ebling, PLLC
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Many people use their estate plan to pass along wealth to their loved ones, to pass along their values, and to give thanks. There are several ways to give thanks by using your estate plan. One way to do this is by designating charitable giving or specific…
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Without doubt, Realtors and Brokers provide invaluable services to buyers and sellers of real estate. Realtors and Brokers must know everything and anything there is to know about the subject property and have an understanding of laws regarding zoning,…
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Last week our blog discussed a new capital gain deferral strategy referred to as “Opportunity Zones.” In addition, there are several capital gain strategies that have existed for many years that might be useful to explore again, now that gains actually…
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In an effort to prompt investments, increase jobs, and reduce poverty in some of America’s most economically distressed communities, Congress provided a tax incentive for investors to receive preferential tax treatment, while investing in areas designated…
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Real estate investors – and realtors – are buzzing about the new tax incentives for investing in economically distressed areas that are designated by state governors as “Opportunity Zones,” in counties all over the country – including Sarasota, Manatee,…
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In real estate closings, a document is circulated called the “title commitment”. This document is the result of an examination of the history of a parcel of land. Without it, the buyer would know very little about the background and nuances of the…
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When purchasing real estate, one of the first questions a buyer is asked is “how do you wish to take title?” While it seems like such a simple question, it is really quite the opposite. On almost every transaction, the title agent is asked to provide the…
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Under the terms and provisions of section 8. FINANCING of the most recent versions (04/2017) of both the “AS IS” and the “Standard” FR/BAR Contracts*, buyers seeking the protections afforded in these financing contingency clauses must “use good faith and…
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Often real estate contracts include additional terms or addenda that provide for a “seller credit”. These typically take the form of a credit from the seller to the buyer, with the purpose for and amount of the credit negotiated between the parties.…
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As a follow up to last week’s blog (“Slow Down on that Quitclaim Deed”), we had quite a few inquiries on the types of deeds used in real estate transactions and the fundamental differences of each. The FR/BAR contract stipulates (see Standard H) that…
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