The Catch-22 of Trying to Sell Your Home in Florida: Prices Going Down, Buyers Can’t Find Home Loans – But Things May Be Changing

Larry Tolchinsky | May 31, 2011

Standard & Poor’s is an internationally-recognized financial markets analysis company, providing a number of research statistics and indices to help measure what is happening in the American economy.  You may recognize its stock index, the S&P 500, which the news media report on daily along with the Dow Jones and other stock market indices. Its [...]

Foreclosure Sales in South Florida: How Bad Is It? New RealtyTrac Stats For 1st Quarter 2011

Larry Tolchinsky | May 26, 2011

RealtyTrac has just released its statistics for the First Quarter 2011, including foreclosure sales numbers. You can read the numbers online for free at their site’s Trend Center. Why should Florida homeowners care about foreclosure sales? The foreclosure statistics impact everyone.  For example, the number of foreclosed properties in the housing market impacts fair market [...]

Florida Homeowners’ Insurance Rates May Rise Thanks to New Property Insurance Reform Law Being Passed by Florida Legislature

Larry Tolchinsky | May 5, 2011

The Florida Legislature has just kicked a lot of Florida homeowners while they’re down, with yesterday’s announcement that an agreement has been reached on the passage of a bill that will not only allow insurance companies to hike the cost of property insurance, but it will also okay the insurer’s ability to shorten the deadlines [...]

Florida Homeowners and Condo Owners: Beware of Proposed New House Deregulation Bill – HB5005

Larry Tolchinsky | March 24, 2011

The Florida Legislature is considering a major deregulation law that will impact all Floridians, particularly Florida condo owners and Florida homeowners.  It could become law as soon as July 1, 2011, and the entire language of the proposed statute (HB 5005) can be read online at the Florida House of Representatives website.  What would escape [...]

Underwater Mortgages in Florida: What Are They, What Can You Do If You’re Underwater in Your Mortgage?

Larry Tolchinsky | March 8, 2011

Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it tempting for many to consider what to do about this situation: should [...]

Renting Is Becoming Popular in South Florida: Protect Yourself Under Florida Landlord Tenant Law

Larry | January 20, 2011

Renting your home is becoming more and more popular in South Florida, reports The Miami Herald – and the idea of leasing a house, condo, or apartment may seem smart in today’s real estate market for lots of folks.  Some may be victims of ForeclosureGate, renting homes for their families after losing their houses to [...]

Establishing Domicile in Florida for Homestead Tax Exemption

Larry | May 14, 2009

With the economy as it is, it is important to cut costs wherever possible (i.e. rent, taxes). And it may be time for you to invest in a home of your own, if you haven’t already, or move to a new state, given the current state of the housing market and the many tax concessions [...]