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 …

Homeowners Association Fees Can Cost You Hundreds a Month. Here’s What to Know About Them

Article Courtesy of  The Next Advisor By Samantha Rosen Published November 7, 2020 If you’re looking into a condominium, townhouse or even a development community, you may have to become familiar with three letters: HOA. That stands for homeowners association, …

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. …

Florida’s insurer of last resort grows as private market hits capacity. Citizens is back above 500,000 policies for the first time since 2015.

Article Courtesy of The Tampa Bay Times By Jim Turner      Published October 18, 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 …

What Liens or Encumbrances Survive Against a Property After it is Sold at a Tax Deed Sale?

By Susan P. Bakalar, Esq., Florida Bar Board Certified in Condominium & Planned Unit Development Law. Governmental liens and judgments survive the issuance of a tax deed sale and are satisfied to the fullest extent possible with any overbid monies …