We held a closing last week and the buyer was questioning why the title transfer was done by a special warranty deed. Special warranty deeds are usually produce by developers for new homes who have owned the property just long enough to build the homes. Likewise, Banks when selling foreclosure properties issue a special warranty deed.
General Warranty Deed vs. Special Warranty Deed:
The general warranty deed is a promise to the buyer that the seller will warranty any prior problems with title, while a special warranty deed limits the seller's promise to title problems that come up while the seller owned the property, but gives no warranty for problems prior to that time.
Generally in foreclosure transactions, like the builder, has no close relationship to the property and will not want to promise anything about the condition of title before they acquired the property through foreclosure.
Title insurance insures the buyer against past ownership problems, old liens, boundary issues, and so on. Even though there may be exceptions in the title insurance policy, and owners should know what their exceptions are. Make sure your client selects a good title company with an in-house attorney to make sure they take the time to explain what title insurance is and how it works!!
MICHAEL EISNER, JOINS REMAX COMMERCIAL ASSOCIATES AS COMMERCIAL INVESTMENT ADVISOR
Fort Lauderdale, Florida - RE/MAX Commercial Associates, a full service commercial real estate firm, is pleased to announce that Michael Eisner has joined as a Commercial Investment Advisor. Michael will be handling Business Brokerage as well as leasing, acquisitions and dispositions of industrial, office and flex space.
Prior to joining RE/MAX Commercial Associates, Eisner was a Commercial Realtor with Remax Premier Associate's Commercial Division in Weston, Florida, where he specialized in leasing and sales/acquisitions of office and flex space with an emphasis on market surveys of competing properties, comparative lease financial analysis and marketing tools creation and implementation in Broward County, Florida.
During his career, Eisner has developed the knowledge and the expertise to consistently exceed his client's expectations.
RE/MAX Commercial Associates is the first Commercial only Franchise in Florida. Located in the heart of Fort Lauderdale's Central Business District, RE/MAX Commercial Associates has the local market knowledge and a global network with more than 330 offices worldwide. Experienced brokers specialize in each of the major property types, including, office, retail, industrial, multifamily and hospitality. Affiliations and specializations include, CCIM, NAIOP, ICSC, SOCR, Fort Lauderdale Chamber of Commerce, Florida Association of Realtors, IREM, National Association of Realtors and the Broward Alliance.
Dear Colleagues,
I have put together the following application form to qualify prospective buyers for commercial real estate properties. I think this is relevant information you must have along with an exclusive buyer's agreement before start looking for properties for your clients.
Hope it is helpful.
FINANCIAL INFORMATION
•1. Complete the attached Financial Application and submit Personal and Corporate Financial
Statements.
•2. Check to ensure all documents are signed and dated where indicated.
•3. Return the ORIGINAL completed documents via mail to:
REMAX COMMERCIAL ASSOCIATES
200 S. Andrews Ave. Suite 102
Fort Lauderdale, Florida 33301
Attn: JM PADRON
•4. Failure to return ALL original completed documents may cause a delay in the process.
Name: ___________________________________ Date of Birth: __________________
SS#: ___________________________________ Drivers License #: __________________
Business Address:
__________________________________________ Telephone #: ___________________
__________________________________________ Mobile #: ___________________
E-Mail : ___________________
Spouses Name: _____________________________ Date of Birth: ___________________
SS#: ___________________________________ Drivers License #: __________________
Home Address:
__________________________________________ Telephone #: ___________________
__________________________________________ Mobile #: ___________________
E-Mail : ___________________
Name of Business: __________________________________________________________________
Type of Company: Sole Proprietorship Partnership Corporation LLC Husband & Wife Individual
State of Incorporation: ____________________________ Date of Incorporation: __________
Partners/Corporate Officers
Name: ___________________________________ Date of Birth: __________________
SS#: ___________________________________ Drivers License #: __________________
Spouses Name: _____________________________ Date of Birth: ___________________
SS#: ___________________________________ Drivers License #: __________________
Home Address:
__________________________________________ Telephone #: ___________________
__________________________________________ Mobile #: ___________________
E-Mail : ___________________
Name: ___________________________________ Date of Birth: __________________
SS#: ___________________________________ Drivers License #: __________________
Spouses Name: _____________________________ Date of Birth: ___________________
SS#: ___________________________________ Drivers License #: __________________
Home Address:
__________________________________________ Telephone #: ___________________
__________________________________________ Mobile #: ___________________
E-Mail : ___________________
Name: ___________________________________ Date of Birth: __________________
SS#: ___________________________________ Drivers License #: __________________
Spouses Name: _____________________________ Date of Birth: ___________________
SS#: ___________________________________ Drivers License #: __________________
Home Address:
__________________________________________ Telephone #: ___________________
__________________________________________ Mobile #: ___________________
E-Mail : ___________________
Bank References: Please include name of bank, branch number, address, telephone number, and account number(s)
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Business References: Please include names, type of business relationship, telephone number, address
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
By signing below, you certify that the above information is true and correct as of the date given above. You authorize the Seller to verify or check any of the information given, check your credit references, verify employment and obtain other relevant information. Applicant authorizes and requests all third parties to provide REMAX Commercial Associates, (Broker), with such financial information as Seller requests initially and periodically throughout the Lease term.
Please submit personal and corporate financial statements as applicable along with this information.
Name of Person Providing the Above Information: ____________________________________________________
Please Print
________________________________________________ ________________________
Signature Date
________________________________________________ ________________________
Spouses Signature Date
________________________________________________ ___________________
Partner Signature Date
________________________________________________ ________________________
Spouses Signature Date
________________________________________________ ___________________
Partner Signature Date
________________________________________________ ________________________
Spouses Signature Date
RE/MAX Commercial Associates keeps growing!
Fort Lauderdale, FL. I am proud to announce the achievements of the First RE/MAX Commercial ONLY office in Florida since our opening in May of this year
RE/MAX Commercial Associates is the first Commercial only Franchise in Florida. Located in the heart of the Fort Lauderdale Business District, RE/MAX Commercial Associates has the local market knowledge and a global network with more than 330 offices worldwide. Experienced brokers specialize in each of the major property types including: office, retail, industrial, multifamily and hospitality. Affiliations and specializations include: CCIM, NAIOP, ICSC, SOCR, Ft. Lauderdale Chamber of Commerce, Florida Association of Realtors, IREM, National Association of Realtors, Broward Alliance.
RE/MAX Commercial Associates is honored to have now Seven (7) senior associates: Four (4) holding the CCIM certification and Three (3) candidates working towards their designation.
The requirements and qualifications to become an associated in RE/MAX Commercial Associates include:
1. Hold the CCIM Certification or be a candidate and has passed at least the Introductory Course and the CCIM 101 course and be committed to obtain the designation within 24 months.
2. Have at least 3 years of experience in the commercial real estate field and have completed at least 20 transactions.
3. Be a member in good standing of the CCIM Ft. Lauderdale District.
4. Maximize partnership activities, ensuring that partner development occurs in a mutually beneficial and profitable way.
JM Padron, CCIM, CRB
President
RE/MAX Commercial Associates
ID# 1926379 Public Listing
8070 Pasadena Blvd
Hollywood, FL 33024
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Property Type: |
Office for Sale (also listed for Lease) |
| Sale Price: | $598,000 |
| Unit Price: | $99.24 Per SF |
| Property Status: | Existing |
| Class of Space: | Class C |
| Gross Building Area (GBA): | 6,026 SF |
| Building Size (RSF): | 6,026 SF |
| Total Land Size: | 0.2 Acres |
| Sale Terms: | Cash to Seller |
| Last Updated: | 8/16/2009 |
|
Property Overview |
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