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However, it is imperative that you examine the property in person before making any buying decisions. The Foreclosure Fraud Act went into effect on October 1st that forbids companies that claim to stop foreclosures or perform any sort of mortgage-related rescue services from performing any kind of service without first drawing up a written agreement with their clients. Now, you won't get that with a new home in the UK for the same price! When purchasing a vacation home in Florida, it is important to consider the taxes that you will need to pay that is real estate based, the type of homeowner's insurance that you will be responsible for keeping on the home, and other expenses. Florida's popularity is all down to one thing - lifestyle! However, if you wish to buy property with the key intent of earning rental income, you must weigh up operating costs against possible yield. In 2005 Florida property in some parts of the state rose by as much as 45%, and there's every indication that double figure capital gains will be made in 2006 and 2007. Florida Property Prices When compared to property prices in the UK, Florida property prices yield more home for your money. Therefore, investors now tend to avert from investing in the stock market and instead look forward to real estate investments. ) So, you may not have to be anxious about vacancy periods of your Florida property investment. You may want to purchase a home that is located on a river or lake, in the wooded and private areas of Florida, or even near the larger cities located in Florida, such as Miami, Orlando, or Jacksonville. You may like to have a home that is located on a beach, or close to a beach.
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