Fla. cities a ‘top place to score a mortgage’ The following 10 counties/metro areas ranked highest in SmartAsset’s study: 1.Sumter County, Fla.: 71.58% (loan funding rate) – $14,639 (annual mortgagepayment) 2.Walton County, Fla.: 60.97% – $14,639 3.Jackson County, Mo.: 65.05% – $14,857 4.Okaloosa County, Fla.: 61.75% – $14,637 5.San Mateo, Calif.: 67.92% – $14,688 6.Collier... Read more »
Some homeowners have regrets according to those TV home makeover shows Jerry Glover, entertainment attorney, says homeowners should not completely discredit all the work done on these decorating TV shows, however. “But know that there’s a risk.” Glover encourages homeowners to consult an attorney before appearing on any makeover TV show and have the contract... Read more »
Tax refunds could save 300K homes in foreclosure “Unsurprisingly, incentive played a big role in this timing: not only were Americans who filed early more likely to receive a refundthan those filing later, but they also received larger refunds on average.” Graboske says that “mortgage cures” – delinquent borrowers who bring themselves back to current... Read more »
Americans make big compromises to buy homes According to a study commissioned by Owners.com, an online brokerage, about 60 percent of consumers said saving for a home takes priority over saving for an emergency or retirement, and 72 percent said it would limit their contributions to other investment funds. Besides cutting back on other savings,... Read more »
Population: Fla. is growing but eight states shrink Illinois and three other states that lost population – Connecticut, New York and Vermont – had among the highest median property taxes in 2015. The nonpartisan Tax Foundation, which advocates low rates, said in a new assessment of migration between the states last year, “Taxes are not... Read more »
Hurricane Matthew damage? 60 more days to file At the request of Florida Insurance Commissioner David Altmaier, the Federal Emergency Management Agency (FEMA) granted another extension to victims of Hurricane Matthew flooding, giving National FloodInsurance Program (NFIP) policyholders an additional 60 days to file a complete, signed and sworn proof of loss in support of... Read more »
If condos ban smoking, does it include marijuana? Question: What is the potential liability to a condo association when it comes to the various taxes that come due from the income members derive from leasing their respective condos? In other words, if the associationis a bit lax in its lease approval process, could it be... Read more »
Sexual advances often underreported Nonetheless, the U.S. Department of Housing and Urban Development (HUD) says it received 155 claims of sexualharassment of tenants nationwide in 2016. Jeniece Jones, executive director of the Cincinnati tenant advocacy Housing Opportunities Made Equal (HOME), says the Queen City has seen its share of that conduct. In 2008, a now-former... Read more »
Russia now top country searching Miami real estate Russia is the most-active country searching Miami real estate for the first time since the Miami Association of Realtors® (MIAMI) began tracking search data in 2013. In November, Russia registered the most South Florida property searches among all countries on the Realtor association’s search portal. Colombia and... Read more »
U.S. foreclosures drop to 9-year low “Even distressed property sellers are benefitting from this hot seller’s market, with a record-high share of homes at foreclosureauction being purchased by third-party buyers rather than reverting back to the foreclosing bank.” While foreclosures were generally down, the share sold to third-party investors hit a record high, however: Third-party... Read more »