New Condo Laws
Posted on: 2010-07-09
The legislators just passed a bill to help the condo associations and the housing market.:
Florida law no longer requires owners to purchase insurance coverage.
Associations of condos over 75 Ft. high aren't required to retrofit sprinkler systems.
Lenders must pay more of pass due assessments on foreclosed properties. Change from 6 mos to 12 months
Associations may deny owners or occupants the use of common areas and recreational amenites when the owner is more than 90 days delinquent in paying financial obigations due to the association. and
Associations may divert tenant rents to pay for delinquent assessments owed by unit owners.
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Apartment industry continues recovery
Posted on: 2012-02-06
Market conditions continued to improve for the multifamily industry across all areas, according to the latest National Multi Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. For the seventh time in the last eight quarters, all four indexes – Market Tightness, Sales Volume, Equity Financing and Debt Financing – were at or above 50, indicating growth from the previous quarter.
“In the face of an unprecedented virtual shutdown of development, the apartment market continues its strong recovery as developers play catch-up to the growing demand for rental housing,” says NMHC Chief Economist Mark Obrinsky. “Investors continue to view apartments as a preferred asset class in today’s environmen
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Fannie Mae gains more short-sales authority
Posted on: 2012-02-06
Five mortgage insurers have granted Fannie Mae mortgage servicers the authority to complete a short sale or deeds in lieu of foreclosure without getting their separate approval.
Traditionally, mortgage insurance groups have had to give the OK before a short sale can be processed on a property with a guaranteed loan. Now, without that extra step, Fannie mortgage servicers may be able to speed up short sale approvals on Fannie-backed loans.
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Rate on 30-year mortgage falls to record 3.87%.
Posted on: 2012-02-06
WASHINGTON – Feb 3, 2012 – The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent this week. That’s below the previous record of 3.88 hit two weeks ago.
The average on the 15-year fixed mortgage fell to 3.14 percent, also a record low. Records for mortgage rates date back to the 1950s.
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DO NOT CALL
Posted on: 2009-04-03
The do not sall registration was set to expire after 5 years, but legislation is pending that will make the registration permanent. To verify your listing status or re-register your number. go to www.donotcall.gov or call 1-888-382-1222 from the number in question. Calls from
political organizations, charities,and telephone surveyors
are not covered. Neither are calls companies which you have a relationship with, they can call you for 18 months after you make a purchase or for 3 months after you submit an inquiry or application.
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Clearwater Point Phone Directory
Posted on: 2011-11-05
The new phone book is now in. See your representative
for your copy.
I hope you will enjoy the photo cover as you did last year.
If you have a favorite photo you would like to see on the cover please get it touch with me.
Stan Frederico
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WHEELCHAIRS
Posted on: 2011-07-10
YOU CAN CHECK OUT A WHEELCHAIR AT THE LIFEGARD STATION NEAR PIER 60 BETWEEN 9;;30 AND 4 PM SEVEN DAYS A WEEK.
THEY ARE MANUAL AND REQUIRE ASSISTANCE.
FOR INFORNMATION CALL 462-6963
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RECALLS
Posted on: 2009-06-08
TO KEEP TRACK OF RECALLS;
Government Agencies: www.recalls.gov
Comsumer Products: www.cpsc.gov
Comsumer Reports (safety) www.comsumerreports.org
Children's toys & games: www.loHud.com/data
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BANK CDs
Posted on: 2009-06-30
Is your bank in good standing? call 1-877-275-3342 or
FDIC.GOV CREDIT UNIONS call 1800-775-1020 or
NCUA>GOV
Even if its insured by the FDIC and the bank does fail-as 64 US banks have since early 2008 and many more to come, you may have an aggravating and income loss before you regain your money.
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Condo Association to Collect Dues From Renters
Posted on: 2010-08-09
Under a new law homeowners association boards can go after renters for association fee when the homeowner fails to pay up. The law which took affect July 1, says homeowner associations must notify renters that their payment should be paid directly to the association, not to a landlord who has failed to pay the organization. Before people rent from a homeowner they should seek documents showing that the owner is up to date on their mortgage and association dues.
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