Foreign Sellers Beware: FIRPTA WITHHOLDING RATE TO INCREASE TO 15%

Starting Feb. 16, 2016, settlement agents must begin retaining additional proceeds from the sale of property by foreign nationals thanks to recent changes to the Foreign Investment in Real Property Tax Act (FIRPTA). The changes were part of the year-end tax extension legislation signed into law by President Obama on Dec. 18, 2015. The bill […]

Florida Residential Sales Contract Changes Due to TRID Rule

In response to the nation’s financial crisis of 2008, congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act (“The Act”) of 2010. The massive bill establishes an independent consumer bureau within the Federal Reserve to protect borrowers against what it perceived to be abuses in mortgage, credit card and some other types of […]

What does a title company do?

A title company plays a very important role in a real estate transaction. Learn about what we do and the roles we play. A title company reviews and evaluates the legitimacy of title to a piece of real property and then issues title insurance for that property. Title insurance protects real estate owners and lenders […]

Giannell Title Managing Member Joseph Giannell Named to Florida Super Lawyers List for 2015

Joseph S. Giannell, Esq., Board Certified Real Estate Attorney and Managing Member of Giannell Title, LLC, has been named to the prestigious 2015 Florida Super Lawyers list. Super Lawyers is a third-party rating service of outstanding lawyers from more than 70 practice areas. The candidates undergo a rigorous selection process which includes independent research, peer […]

Top 10 Things Real Estate Agents Should Know

About the New Tila-Respa Integrated Disclosure rule 1. Effective October 3*, 2015, the new Tila-Respa Integrated Disclosure rule will take effect. The October 3 deadline is for when a borrower applies for a new loan (not when a closing occurs). It applies to new residential transactions with a mortgage and residential refinance transactions. 2. The […]