All Forum Posts by: Gail Eller

Hi, I would like to ask if a real estate broker is obligated to give a value to the seller when the broker is the buyer and the seller did not ask the value.  In other words,  if a seller calls a broker and says he will take a certain dollar amount for his property but the broker feels it is worth much more, so the broker wants to buy it himself,  Is the broker required to disclose value to the seller prior to buying it for himself? The broker and seller do not have a signed listing agreement. Florida. 

Thanks

Gail

Hi, 

My question is, is it legal in Florida to sell a tax deed property of vacant land, using a Special Warranty Deed, without title insurance, along with a First Money Mortgage Deed immediately after purchasing it at a tax deed auction? I understand title insurance is not necessary unless the buyer demands it or it is going through a bank for financing but I just want to make sure that I am not breaking any laws if I sell the property this way, within the two year term that I bought it, with owner financing.

I was with the understanding that a Florida tax deed property could not be sold for two years after purchasing it. Do I have that wrong? Or is it okay to sell it but I just wouldn't be able to get title insurance unless I had a Quiet Title done or hired a Title service? Also, is a First Money Mortgage deed the best deed to use for the owner financing part? 

Thank you.