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.
Dear Shannon: NAR amended Standard of Practice 3-9, and I’m sure it was important to change “listing broker” references to “seller.” But what does that mean? May Realtors directly contact a seller for showing instructions now?
NAR and realtor.com awarded $5K each to three winners of its initial competition that honors agents’ above-and-beyond efforts to further fair housing goals.
How does a homeowners’ association rider differ from a condominium rider? How is it similar? This month’s focus is on the similarities between the two. Next month we’ll focus on the differences.
Under just-passed Fla. tort reform, multifamily operators can limit their liability for injuries on their property. If they follow a specific roster of security guidelines, they can attain a “presumption against negligence.”
The planning process starts with questions. HUD notes that things like technology have changed, and it will update regulations after a public comment period.
A Bradenton homeowner fixed problems nine years ago after a city code violation, but a surprise lawsuit for $75K arrived last Aug. demanding 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.
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.
