A Seller’s Past Insurance Claims Can Ding Buyers
A house’s claim history can increase premiums for future coverage – or even kill a deal if it has issues that cause insurers to consider it an unacceptable risk.
As Rates Go Up, Buyers “Adjust,’ Opting for ARMs
MBA: Demand for adjustable-rate mortgages has reached a 14-year high. At the beginning of the year, ARMs made up 3% of all loans; now it’s 11%.
A Balanced Market? Early Signs of a Return
Real estate historically swings from a buyer’s market to a seller’s market, and early 2022 signs suggest it’s moving toward a more balanced market.
68,200 Fla. Insurance Policies to Be Canceled
Policies under FedNat Insurance Company and sister companies Maison and Monarch National will cancel in June, according to terms of a consent order.
Expand Your Brand: Florida Realtors 2022 Convention & Trade Expo
Florida Realtors’ can’t-miss event Aug. 24-25 offers success strategies, networking and more – like keynote speaker and icon Martha Stewart. Register now.
Google Maps Feature: ‘Immersive View’ Streets
Online buyers will soon feel as if they’re flying a drone over a potential home. It’s only in a few cities so far, but with plans to expand over time.
Study: Most Lenders Pushing ‘Financial Inclusion’
Experian says things “are moving in the right direction,” but 2 of 3 lenders note challenges, like a struggle to have the right technology, data and talent.
Citizens Alleges Insurance Fraud, Settles with Law Firm
Citizens, the Fla.-operated “insurer of last resort,” OK’d a $1M settlement with Coral Gables’ Strems Law Firm after alleging its actions pushed up insurance costs.
Sellers Feel Shame if They Don’t Get Bids
Some sellers hear about today’s bidding wars and pre-emptively overprice their home, only to feel shame – “What’s wrong with my house?” – if no bids come in.
CFPB Translates Mortgage Info into Spanish
Documents available in Spanish cover info about the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act and the Truth in Lending Act.