Some housing-crisis-era loans a decade ago had “piggyback” mortgages – part of a 20% down payment – and some debt collectors recently started to demand money.
HUD will propose clearer rules shortly. Once finalized, they’ll help the RE industry comply with the Fair Housing Act and be the standard for gov’t-assisted housing.
A Bradenton homeowner fixed problems nine years ago after a city code violation, but a surprise lawsuit for $75K arrived last Aug. demanding money.
NAR report cites Port St. Lucie for its homeownership rate of 83% for mid-income residents, and Ocala and Palm Bay for a Black ownership rate higher than 60%.
The Senate unanimously passed a bill that eases the timeline for condo inspections. It now goes to the House and, if passed there, to Gov. DeSantis for his signature.
Local zoning generally cedes more space to single-family homes than multifamily, HUD says, and it’s releasing new data that backs up recommendations for change.
Rejecting lower-court decisions, the Fla. Supreme Court ruled that homeowners who rent out rooms within their property may lose part of their homestead exemption.
Rather than just react to fair housing complaints, HUD plans to be more assertive via a program announced in Jan. This week, it extended the comment period to April 24.
The White House released a summary of updates that includes the debut of a new webpage where homeowners or buyers who suspect appraiser bias can find help.
Project Destined teamed up with ULI and four Charlotte RE firms to create one of the few U.S. programs addressing diversity and racial equity in commercial RE.
