Florida Real Estate News

Entries for July, 2010

Amid insurance hikes, some condo premiums fall

Home and condo unit owners have reported spikes in property insurance costs.
Subsidiaries of Allstate, the third largest private home insurer in Florida, will defend their proposed 33 percent and 18 percent rate hike requests at an Office of Insurance Regulation hearing today. And in the coming weeks, regulators will weigh rate hikes by Royal Palm [...]

FTC bans 8 marketers from selling mortgage relief

Firms settle charges that they used false advertising to deceive homeowners facing foreclosure.
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Questionable timeshare resellers cited

Hundreds of consumer complaints have been filed in Florida claiming they were taken in
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Allstate subsidiaries set to defend rate hike

Regulators are set to grill Allstate Insurance Co. subsidiaries Tuesday on their request for a 33 percent and 17 percent average statewide rate hike.
The Allstate Floridian Insurance companies, which changed their names to Castle Key last year, have about 250,000 policies, making Allstate Florida’s third-largest private home insurer.
Nearly three-fourths of those policies are with Castle [...]

Do Trump condos have a chance in this market?

We wrote about the problems facing Trump Hollywood, the lavish condo built by developers Jorge Perez and Donald Trump. Only 16 of 200 units have sold in nearly a year.
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Questionable timeshare resellers take advantage of owners

Hundreds of consumer complaints have been filed in Florida claiming they were taken in
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Pros, cons of walking away from a mortgage

Louis Spagnuolo of WCS Lending in Boca Raton answers reader questions about the housing market. To ask a question that Louis may answer next week, click here.
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Sales slow at Trump Hollywood

Units with Italian cabinets and wine refrigerators sellling for more than $600 a square foot, neighboring units for $400.
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June home sales rise in Palm Beach, Broward counties

Home sales nationally declined in June following the April 30 expiration of federal tax credits, but that trend didn’t hold up in South Florida.
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Craigslist scheme preying on renters

One variant of the scam uses photos of real homes for rent, but at steeply reduced prices
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