Roof repair schemes, runaway litigation push Florida insurers to the brink

Article Courtesy of ABC Action NewsBy Michael PaluskaPublished January 25, 2022 TAMPA — Homeowner’s insurance rates will continue to go up for at least two more years as legislators work to control lawsuits filed by attorneys on behalf of roofing …

Loans for Condos? New Rules Start to Have an Effect

Article Courtesy of Florida RealtorsBy Jeff LazersonPublished January 27, 2022 Fannie’s tighter loan requirements post-Surfside collapse started Jan. 1; Freddie’s start Feb. 28. In the meantime, the list of no-loan condo projects will likely keep growing. A nightmare scenario looms …

Get ready to dig deeper: Despite reforms, insurers warn consumers that more rate hikes are coming

Article Courtesy of The Sun Sentinel By Ron Hurtibise Published October 26, 2021 Homeowners hoping for an end to steep property insurance rate increases next year might as well start looking for other expenses to trim. It’s not happening. Costs won’t be …

The Laws Pertaining To Condos And HOAs Must Be Reformed

Article Courtesy of  The Doral Family Journal By Edda Pujadas Published November 11, 2021 The main objective of the proposed reform is to achieve that the communities and the management of their funds are properly handled. The most important points …

Florida task force makes recommendations on condo safety

Article Courtesy of The Orlando Sentinel By Brendan Farrington Published October 19, 2021 TALLAHASSEE — Florida legislators should overhaul the state’s condominium laws in the wake of the Surfside building collapse that killed 98 to address inspections, ensuring proper reserves are …

Insurance May Not Cover Damages to Homeowners Association Common Spaces. This is Where Loss Assessment Coverage Comes In

Article Courtesy of The Next Door Advisor By Elizabeth Rivelli Published June 13, 2021 Whether you live in a single-family house, a condo, or an apartment, having property insurance is important to protect your personal items and your liabilities, among other things. …

If My Condo Association Hasn’t Kept the Grounds Maintained, Can I Sue?

You love your condo. It is a place of comfort and refuge. One of the great things about living in a condominium is the many services that are provided to you. If you are part of an association of condo …

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 …

Taxed To the Hilt, More Homebuyers Are Migrating to Florida

Article Courtesy of The Herald-Tribune By The Associated Press    Published July 3, 2019 FORT LAUDERDALE — Fed up with the high taxes and regulation back home in New York, retired officer Thomas Maloney and his wife, real estate agent Theresa …

Announcement: Board Certified by The Florida Bar in Condominium & Planned Development Law

Posted by Bakalar & Associates, PA 7/10/19 The Law Offices of Bakalar & Associates, PA is pleased to announce that as of June 1, 2018 attorneys Susan P. Bakalar and Leonard Wilder have received their certification in Condominium & Planned …