Some mortgage companies misled borrowers about forbearance, regulators say

Article Courtesy of Bankrate By Jeff Ostrowski Published February 9, 2021 Some mortgage firms gave homeowners “incomplete or inaccurate information” about a federal law designed to prevent a spike in foreclosures, a federal regulatory agency says in a new report. The findings …

What Are Covenants, Conditions And Restrictions (CC&Rs) In An HOA?

Article Courtesy of  Forbes Advisor By Casey Bond and Mike Cetera    Published February 7, 2021 If you move into a condominium, gated complex or other planned community, there’s a good chance you’ll also have to join a homeowners association (HOA). …

Reasonable Modifications And The Fair Housing Act—Knowing The Law Can Help Your Association Proactively Avoid Lawsuits

Article Courtesy of  JD Supra By Lydia Chartre Published January 21, 2021 Did you know that homeowners have the right to request reasonable modifications to the common area if they are disabled and the proposed modification helps them use and …

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 …

Hundreds of Florida renters evicted during pandemic despite CDC order

Article Courtesy of The Tampa Bay Times By Emily L. Mahoney and Christopher O’Donnell Published November 30, 2020   Nicole Kelley felt confident when she dialed into her eviction hearing in late September. A Lyft driver whose income had dropped off during the …

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 …

Condominium associations ban short-term rentals to protect residents from COVID-19

Article Courtesy of  The Treasure Coast Newspaper By Colleen Wixon Published October 23, 2020 INDIAN RIVER COUNTY — While people self-quarantined in the early days of the coronavirus pandemic, some communities tried to insulate residents from outsiders.       Armed with Gov. …