Florida Real Estate News

Entries for June, 2010

Lauderhill condo fire sparks questions about insurance decisions

State, city or insurance officials cannot help residents of the fire-damaged Lauderdhill condominium.
Condo community’s experience highlights what can happen when associations can’t afford insurance.

Homebuyers consider backing out of deals without tax credit

U.S. Senate has failed to approve extension of rebates
Some frustrated homebuyers say they’ll look to walk away if they don’t complete the purchases by Wednesday, the deadline to qualify for federal [...]

Competition for apartments heats up in South Florida

It’s getting harder to find a rental apartment in South Florida, with vacancy rates declining to their lowest levels since 2006.

Underwater borrowers need help, too

Scott Katzer owes about 0,000 more than his Fort Lauderdale home is worth. Unable to sell anytime soon, he wants to reduce his monthly mortgage payment by refinancing to a lower interest rate.

Will homebuyers cancel deals if they can’t get tax credits?

Real estate agents are worried about home sales collapsing if buyers can’t close in time to get their tax credits.

Q&A: How do I evaluate a reverse mortgage?

My husband and I are contemplating a reverse mortgage. There seems to be so very many out there. Are there any that are better than others? Do the prices vary as to the upfront amount you have to borrow or are they mostly the same? Charlotte

Tropical Storm Alex could miss massive oil spill – CNN

msnbc.com

Tropical Storm Alex could miss massive oil spillCNNBy the CNN Wire Staff (CNN) — Tropical Storm Alex churned across the Gulf of Mexico early Monday on a path that could take it away from the massive oil spill. Alex re-strengthened into a Tropical Storm on Sunday night, according to the National …Tropical Storm Alex is [...]

G20 summit: leaders agree to halve deficits by 2013 – Telegraph.co.uk

CBC.ca

G20 summit: leaders agree to halve deficits by 2013Telegraph.co.ukLeaders at the G20 summit in Toronto have agreed to cut national budget deficits in half by 2013. Heads of state also agreed new rules that would force British banks to boost their funds by £130 billion to reduce the risk of another Lehman …G20 nations commit [...]

Obama’s high court pick Kagan faces Senate hearing – Reuters

New York Daily News

Obama's high court pick Kagan faces Senate hearingReutersUS Solicitor General and Supreme Court Nominee Elena Kagan is pictured during her first day of meetings with Senators about her nomination on Capitol Hill in Washington May 12, 2010. WASHINGTON (Reuters) – Elena Kagan, President Barack Obama's Supreme …Primer on senators judging would-be Justice [...]

Tropical Storm Alex could miss massive oil spill – CNN

msnbc.com

Tropical Storm Alex could miss massive oil spillCNNBy the CNN Wire Staff (CNN) — Tropical Storm Alex churned across the Gulf of Mexico early Monday on a path that could take it away from the massive oil spill. Alex re-strengthened into a Tropical Storm on Sunday night, according to the National …Tropical Storm Alex is [...]