Monthly Archive: September 2017

Sep 30 2017

Some lenders will stop requiring traditional appraisals

  Mortgage giant Freddie Mac has announced a new program that will allow some homebuyers to skip a traditional appraisal. The change would lower fees paid by buyers and speed up the closing process. Freddie’s Automated Collateral Evaluation (or ACE) will determine a property’s collateral risk by culling data from multiple listing services, public records …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/lenders-will-stop-requiring-traditional-appraisals/

Sep 27 2017

Tampa Bay has two new million-dollar ZIP Code areas — is yours one of them?

    You might not be a millionaire, but chances are greater now that you live in a million-dollar Tampa Bay neighborhood. In the past year, the region has gained two more ZIP code areas — downtown St. Petersburg’s 33701 and South Tampa’s 33609 — in which at least 10 percent of the homes are …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/tampa-bay-two-new-million-dollar-zip-code-areas-one/

Sep 23 2017

More buyers putting less down on a home

A 20 percent down payment is no longer the norm. In the past year, 1.5 million borrowers purchased their homes with down payments of less than 10 percent, according to Black Knight Financial Services. That marks a seven-year high. A growing number of home shoppers are financing more than 90 percent of their home purchase. …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/buyers-putting-less-home/

Sep 20 2017

What to do after a disaster hits your home, mortgage

Hurricanes Harvey and Irma have damaged or destroyed hundreds of thousands of homes and put countless families into a financial tailspin. If you’re affected by a natural disaster, what does it mean for your mortgage? Here are frequently asked questions and answers. What should I do first? Get in touch with the following entities: The …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/news-blog-post-news-blog-post/disaster-hits-home-mortgage/

Sep 16 2017

Q&A: Any exceptions to allowing emotional support animals?

Question: We have a no-pet rule in our condominium association. Recently, one of the owners presented the condo board with a letter from her doctor stating that she needed a dog for emotional support. The board voted to allow her to have a dog, but I feel this is just going to open the door …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/qa-exceptions-allowing-emotional-support-animals/

Sep 14 2017

Insurer: ‘File a claim. It won’t count against you’

  TALLAHASSEE, Fla. – Sept. 13, 2017 – It might sound strange, but the founder and president of one of Florida’s major insurance companies has a message for anyone who thinks they might have sustained damage from Hurricane Irma: “File a claim. It won’t count against you.” Security First Insurance founder and president Locke Burt …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/news-blog-post-news-blog-post/insurer-file-claim-wont-count/