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 …

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. …

As hurricane season approaches, three insurers are canceling thousands of Florida customers

Article Courtesy of The Sun Sentinel By Ron Hurtibise Published May 20, 2021 As another hurricane season bears down on the state, more than 50,000 Florida home insurance customers will soon receive notices that their policies have been canceled or won’t be …

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.  …

DeSantis extends eviction and foreclosure moratorium until Sept. 1

Article Courtesy of The Orlando Sentinel By David Harris and Mark Skoneki Published August 4, 2020 Florida Gov. Ron DeSantis didn’t wait until the final hours to extend the moratorium on evictions and foreclosures this time around. The governor on Wednesday night …

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 …

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 …

After six years of stalemate, property insurance reform heads to Governor

Article Courtesy of The Sun Sentinel By Ron Hurtibise Published April 28, 2019 A bill aimed at stemming costly lawsuits between repair contractors and property insurers has finally passed both the Florida House and Senate after six years of stalemate and …

Florida is drowning. Condos are still being built. Can’t humans see the writing on the wall?

People tend to respond to immediate threats and financial consequences – and Florida’s coastal real estate may be on the cusp of delivering that harsh wake-up call Published by The Guardian.com by Megan Mayhew Bergman Fri 15 Feb 2019 06.00 EST …