Florida Hard Money Blog

CT Title was established based on the idea of providing the best title services available to the industry. We have become one of the premier title insurance and escrow companies in Broward County because of our ability to get things done immediately.

CT Title is underwritten by one of the largest nationally recognized title insurance underwriters in the nation, Attorney’s Title Insurance Fund Incorporated. In the age of computers and the Internet we have the most up-to-date systems allowing us to provide the fastest title service possible.

To place an order for your Florida Residential or Commercial title needs, please feel free to call or use the form located below.

CT Title
6300 NE 1st Avenue, Suite 201
Fort Lauderdale, Florida 33334
Phone (954) 776-7004
Fax (954) 938-4409

http://www.ctcapitallending.com/title.html

Under Section 1031 of the Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due.

To qualify for Section 1031 of the Internal Revenue Code, the properties exchanged must be held for productive use in a trade or business or for investment. Stocks, bonds, and other properties are listed as expressly excluded by Section 1031 of the Internal Revenue Code. The properties exchanged must be “like-kind”, i.e. of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. Personal property used predominantly in the United States and personal property used predominantly elsewhere are not like-kind properties.

A land trust is an agreement whereby one party (the trustee) agrees to hold ownership of a piece of real property for the benefit of another party (the beneficiary). Land trusts are used by nonprofit organizations to hold conservation easements, by corporations and investment groups to compile large tracts of land, and by individuals to keep their real estate ownership private, avoid probate and provide several other benefits.

A community or conservation land trust is an organization established to hold land and to administer use of the land according to the charter of the organization. A land trust is a useful way to manage complex divisions of the Bundle of Rights that people can own in real estate, and can be used to manage something as large and complex as a multi-state REIT, or as common and small as a single-family home.

Credit Rebuilding is used after bankruptcy or bankruptcy alternatives to re-establish consumer credit and payment history. Credit rebuilding can be done by taking on small manageable lines of credit in order to show the consumers ability to maintain payments in a timely manner.

Credit Repair is a process of disputing or correcting discrepancies shown on credit bureau reports in order to obtain the highest and most accurate ratings for consumers. Reporting is done by three agencies and is subject to consumer disputes and creditor reporting for both positive and negative consumer activity. Credit repair does not resolve your debts, it simply “cleans” up your credit.

Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals for all the loans. If the person pays off the car loan and wants to sell the car, the bank may veto the deal because the car is still used to secure the home loan and other loans. Technically, cross-collateralization expires when the borrower has no outstanding loans with the bank. A cross-collateral provision is widely used by the banks to decrease risk.

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Mortgage fraud is a term used to describe a broad variety of actions where the intent is to materially misrepresent information on a mortgage loan application, in order to obtain the loan. Mortgage fraud is not to be confused with predatory mortgage lending. Mortgage fraud is when one or more individuals defraud a financial institution; predatory lending is when a dishonest financial institution willfully misleads or deceives the consumer.

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