NEW Law in Florida Requires Flooding Disclosure

As of October 1, 2024, sellers in Florida are required to disclose previous flooding on a property they sell. This includes any insurance, flood insurance, or FEMA claim. After what we’ve just been through with back to back hurricanes Helene and Milton, this is vitally important if you need to sell your property, even as is. Disclose.

Real Estate Brokerage in 2023

It’s no secret that the industry seems like it’s imploding. The Federal Reserve’s interest rate increases are creating havoc. Including “owners’ equivalent rent” in a lagging CPI Index is non-sensical. No one pays themselves rent when they’re already typically paying a mortgage payment. My guess is they will keep raising rates until the entire economy is paused because most won’t be able to afford the essentials, also known as food, shelter & clothing (add gasoline & utilities, too!)

Completed Foreclosures Drop 40% – Lowest Level Since August 2007

Completed foreclosures decreased 40% in December, according to the December 2016 National Foreclosure Report released by CoreLogic, a property information, analytics and data-enabled solutions provider.

Completed foreclosure dropped from 36,000 in December 2015 to 21,000 in December 2016. And foreclosure inventory also dropped significantly by 30% annually, according to the report.

http://www.housingwire.com/articles/39211-completed-foreclosures-drop-40-in-december

Florida attorney general fights alleged foreclosure fraud firm | 2016-08-18 | HousingWire

A group of non-lawyers allegedly scammed homeowners out of their money under the guise of several different law firms. After 37 complaints, they are being investigated, with a court order filed against them.

Source: Florida attorney general fights alleged foreclosure fraud firm | 2016-08-18 | HousingWire

 

You need to know who you are dealing with when you are investing or selling to investors. Impersonation of lawyers!

Loading...