New rules raise the bar for condo mortgages in Florida Lending giant Fannie Mae is slapping tough new requirements on mortgages for Florida condos, moves that analysts believe will make it even more difficult to sell units in buildings already starved for residents and struggling financially. The standards, which took effect last week and apply …
Category Archives: Regional
Future retirees buying homes in Southwest Florida now to enjoy later
Future retirees buying homes in Southwest Florida now to enjoy later Flexible work schedules and the lowest home prices in years are attracting a new type of buyer to Southwest Florida — future retirees. These buyers are planning ahead for retirement, purchasing now to enjoy later. In the meantime, many are testing the Florida waters, …
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Where are the hidden values?
Where are the hidden values? [South Florida] While Florida as a whole has taken the heat (no pun intended!) for being one of the hardest hit real estate markets, there are still segments of the market and certain neighborhoods that have held their values more than others and where investing now makes sense, since these …
Count your blessings you’re in Manteca and not Cleveland
Count your blessings you’re in Manteca and not Cleveland Manteca may be at the epicenter of the foreclosure meltdown triggered by liar loans and fueled by greed, but we’re still enjoying the good life. Consider the following if you believe otherwise: • There are 18 homes for sale for under $3,000 in Flint, Mich. • …
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Failure to fund board’s reserves could have future consequences
Failure to fund board’s reserves could have future consequences Question: I live in a retirement condominium that is about 40 years old. Our county notified us that our condo must be inspected by an engineer to determine if it has construction deficiencies. The report indicated that our main problem was the roof. We recently started …
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Have a problem at your South Florida condo? Make sure you go about resolving it the right way
Have a problem at your South Florida condo? Make sure you go about resolving it the right way A curious rooftop noise has kept Phyllis Howard from getting a good night’s sleep at her Tamarac condo for two months. Howard, 81, describes it as a recurring and irritatingly constant “bam-bam” sound akin to a coin …