PDR Halloween Costumes for 2014
Halloween’s that land on Friday are the best!
Halloween’s that land on Friday are the best!
Property Debt Research is proud to be one of the sponsors of the NABOR Golf Tournament on October 23, 2014 in Naples. All proceeds from the event benefit the local charity Friends of Foster Children.
Update: The Florida Realtors-Florida Bar (FR-BAR, fka FAR-BAR) has revised their Residential Real Estate Contract Paragraph 9. The intent is to define the party who will be responsible to pay for a municipal lien search, if a municipal lien search is performed.
Brief Summary of 9/2014 Revised Paragraphs: 9 (a) (b) and (c):
The reference to municipal lien search has been moved in the 2014 revision from the definition of Owners Policy and Charges in Paragraph 9 (c) to:
“Now you will find municipal lien search as a cost to seller under Paragraph 9(a) or buyer under Paragraph 9(b)…”
UPDATE: Property Debt Research now offers two options for
Lot Clearing and Minimum Housing Code issues for the Miami-Dade County Department of Economic Resources Letter. This item is now an Optional letter we provide upon request.
Department of Regulatory & Economic Resources Letter:
– $50 for an Informal format (15 business day turnaround)
– Certified Formal Letter for a $20 search fee plus $250 in hard costs from the county (20 business day turnaround)
By giving our clients more choices our goal is to give you more control over the turnaround times
for your municipal lien search requests.
Property Debt Research is pleased to announce the launch of our all NEW Customer Portal! We have listened to your requests and included many advanced features to make your worklife easier.
We invite you to test drive our new Customer Portal, PDR EZ Order, by placing a new Lien Search or Estoppel Certificate request or checking on the status of an existing order.
PDR EZ Order Makes Busy Schedules easier:
Visit the PDR Customer Portal and place an order for a Property Lien Search or call 877-543-6669 ext. 219 for a Property Lien Search or Property Estoppel.
We welcome your feedback and suggestions:
Florida Hidden Liens Bill
The Florida Legislature has passed the Hidden Liens Bill, HB 267 – Real Property Liens and Conveyances, which is scheduled to go into effect on October 1, 2013.
The bill is an amendment to the Recording Act, §695.01 and requires that government entities and quasi-government entities (like a C.D.D.) record most of their liens in the official records of the local county, thereby creating a lien on real property that is binding on a subsequent buyer or creditor.
However, since there are a number of debts and issues which are not covered by this bill, it is still recommended that lien searches be obtained prior to closing on properties. In a recent notice from the Florida Land Title Association, they stated the following:
“Since unrecorded code violations, open permits, unpaid utilities and other things not covered by this bill, can substantially impact our insureds, and in the case of utility liens are covered by the policies we write, FLTA recommends that our members continue to either search these matters themselves or use a lien search service to protect your customers from potentially uninsured losses.” (emphasis added)
“We remind our agents that not all special assessments are collected under the “uniform method” described in §197.3632. Meaning that local governments, C.D.D.s and other entities can bill directly for non-ad valorem special assessments. If a local government has gone that route, those assessments will not appear as part of your search with the property appraiser and tax collector.”
We at Property Debt Research agree with this recommendation from the FLTA, and advise that in order to ensure all issues on the property are discovered prior to closing, you order a municipal lien search.
Disclaimer: No Legal Advice Intended. The content of this website is intended to convey general information only and not to provide legal advice or opinions. Consult your real estate attorney for details and interpretation of the Hidden Liens Bill.
Property Debt Research is pleased to announce the launch of our newly redesigned website!
Our goal with this new website is to provide our visitors with greater functionality and an easier way to learn about what we do at Property Debt Research.
This product is the result of a lot of work by our management and development team. We have also upgraded our website’s mobile presentation. Beneath this new exterior our core commitment to quality, service, and advanced technology remains the same.
We hope you find the new website for PropertyDebtResearch.com to be informative, fresh, and user friendly.