$11.5 Million in Federal Aid for Florida
The State of Florida received a helping hand from the Federal Government in the amount $11.5 million. The money will be used by the state to continue its effort to prevent foreclosures by providing counseling and legal assistance to Florida homeowners who are jeopardy of foreclosure. Governor Charlie...
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State of Florida Stops Bank Foreclosures for 45 Days
December 2, 2008: In an effort to help homeowners facing impending foreclosures the Florida Bankers Association and Florida’s credit unions have agreed to stop all foreclosures for the next 45 days. Governor Charlie Crist called a press conference today to make the announcement. Crist and the head...
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HOPE for Homeowners
The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD’s Federal Housing Administration (FHA). The program begins October 1, 2008 and ends September 30, 2011. On October 1st the Bush Administration...
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Florida Department of Revenue and Doc Stamps Tax
The Florida Department of Revenue has recently clarified the wording of a law regarding documentary stamp taxes that will now make short sales a bit easier for home sellers to actually sell their homes. Because the law was unclear, many title companies closing short sale properties were collecting the...
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Warning! Your current homeowners’ insurance company doesn’t want you to read this.
The media in Florida likes to scare people into thinking that obtaining property insurance can be a difficult and expensive endeavor. I would like to dispel this myth. While insurance rates from the big name insurance companies tend to be a much higher in Florida and other coastal states that are hit...
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