RE Q&A: If a Mortgage Cosigner Dies, Who Inherits the Home?
A father cosigned a loan so his daughter could buy a house, but what happens if he passes away? Would her brother be able to take over their father’s portion of the home?
Is Wall Street Relocating to Fla.’s Sunny Shores?
Wall Street executives like Fla.’s warm weather and tax laws, and many of them relocated to Miami to ride out the pandemic. Now many of them don’t want to go back.
DeSantis Provides Details on Fed’s Rental Assistance Program
Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Fla. will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”
How Will COVID-19 Vaccines Help (or Hurt) the Housing Market?
The pandemic will end slowly, and inventory will grow only if more sellers decide it’s safe to move, which could start slowly in the spring and expand by the fall.
Report: Buying Better Than Renting in Most Fla. Markets
In 2 out of 3 U.S. markets, it’s cheaper to buy a home than rent – but the percentage is higher in Fla., and the study cited Tampa as one of the top markets for buying.
FHFA Seeking Comments on Appraisal Process Overhaul
Appraisal policies may (or may not) change, but the industry’s federal oversight administration put out a request for comments about current home appraisal practices.
Routines Are Comfy – but Sometimes Brokerages Stagnate
Routine isn’t bad, but it can stifle change as agents check off boxes in a daily routine. These 6 productivity tips can help brokers breathe new life into the business.
Fewer Sellers Drop Asking Prices in Tight Housing Market
The number of listing price cuts flatlined Feb. to March at around 4% because some sellers expected a buyers’ market to appear – but they dropped to 2.9% in April.
New Law Cracks Down on Shell Companies, Combats Corruption
In a “watershed overhaul” of money laundering laws, all shell companies involved in U.S. transactions – real estate and others – must now identify the owners’ names.
Tighter Rules May Hurt Condo Lending in Vacation Areas
Fannie and Freddie will no longer fund condo loans in high-rent vacation areas. Bankers say entire complexes, even with few rentals, may be ineligible for financing.