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This Correction Statement and Agreement form is for a buyer and seller to sign at the closing for a loan or purchase of real property agreeing to execute corrected documents in the event of certain errors. It also is used to provide replacement documents in the event any documents are lost or misplaced.
Florida Real Estate Closings With Felony Related Searches
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Interesting Questions
Yes, having a felony conviction in Florida does not violate any specific laws that would prevent you from closing on a real estate transaction.
While a felony conviction can negatively impact your credit score and make it more difficult to qualify for a mortgage, it does not automatically disqualify you. Lenders consider multiple factors, including credit history, income, and overall financial stability.
No, the general procedures and requirements for a real estate closing in Florida remain the same regardless of a felony conviction. It is advisable to consult with a real estate attorney to ensure you are aware of all legal aspects and your rights throughout the process.
While there is generally no legal obligation to disclose your felony conviction, it is recommended to be transparent and disclose if asked directly. It is essential to maintain honesty and build trust during the transaction.
Legally, a seller cannot refuse to sell a property solely based on your felony conviction. The Fair Housing Act prohibits discrimination based on race, color, religion, sex, national origin, disability, and familial status. However, it is essential to note that sellers might have personal preferences or concerns, which may affect their decision-making process.
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