Why Most Florida Condominiums Don’t Qualify for FHA Financing

By Christopher Carter Published December 6, 2020 Let’s start with some background on FHA-insured mortgage financing. The Federal Housing Administration (FHA) is an agency of the US Department of Housing and Urban Development (HUD), a Cabinet-level department of the Federal …

Five Biggest Myths About Homeowners’ Associations

Article Courtesy of  NEWSWIRE By Katherine S Published December 4, 2020 Homeowners associations are responsible for creating and enforcing rules across their community. Here are some of the biggest myths.   Millions of people in America live in areas that are …

Condo and co-op owners need homeowners insurance, but it’s not the same type you’d get for a house

Article Courtesy of The Business Insider By Ronda Lee Published November 13, 2020 Condo HO-6 insurance is a type of homeowners insurance for condo and co-op owners. The major difference between condo and standard homeowners insurance is the dwelling coverage. Although not …

As property insurance costs skyrocket, lawmakers will consider these ideas to keep coverage affordable

Article Courtesy of The Sun Sentinel By Ron Hurtibise Published November 17, 2020 As Florida homeowners recover from shocking cost increases for their next year of insurance coverage, pressure is mounting on state lawmakers to step in and stem the bleeding.     Property …

Florida property insurance market is ‘unhealthy,’ Citizens chief warns

Article Courtesy of News Service of Florida By Jim Turner   Published September 27, 2020 TALLAHASSEE — Homeowners are again starting to flock to the state-backed property insurer of last resort as the private market becomes economically stressed, the president of Citizens Property …

Florida’s ban on evictions has expired. What now for tenants who are months behind on rent?

Article Courtesy of The Sun Sentinel By Ron Hurtibise Published October 4, 2020 Gov. Ron DeSantis has finally allowed his moratorium on residential evictions to expire, six months after it took effect on April 2. In a statement released late Wednesday afternoon, …

Some gated communities are pulling back to slow coronavirus

Article Courtesy of  The Palm Beach Post By Mike Diamond     Published July 31, 2020 With Palm Beach County’s stubborn trend of COVID-19 cases, some age-restricted gated communities west of Boynton Beach and Lake Worth are again going into shut-down mode.  …

Insurance Coverage vs. COVID-19 Co-ops & HOAs May Be Left Holding the Bag

Article Courtesy of The Cooperator By A.J. Sidransky Published August 5, 2020 By its very definition, insurance coverage is planned protection against both the expected and the unexpected. Life insurance clearly provides financial security in the event of death, which of course …

New Laws Spurring Fla. Community Associations to Implement E-Voting, Websites

Article Courtesy of  The Daily Business Review By Nicole R. Kurtz  Published August 25, 2019 Technology has been the focus of many recent changes to Florida laws, including those that now allow community associations to implement electronic voting and require …

A Homeowner’s Guide to HOAs: Homeowners Associations, Explained

Article Courtesy of  The REALTOR.COM By Terri Williams Published September 2, 2019 Many homes across the United States are part of an HOA, or homeowners association. So what does that mean? In a nutshell, an HOA helps ensure that your …