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Category: Florida Condotel Mortgage

At Fidelity Home Group, we are condotel mortgage experts in Florida! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. Various Condotel Projects are popping up in South Beach, Panama City, Palm Beach and Miami.

Associations can collect legal fees on delinquent accounts with no obligation to settle for a lower sum (FL)

Q: I’m in a dispute with my HOA because my account is delinquent, and I am having a hard time getting the HOA attorney to settle the case with a reduction in his attorney fees. What can I do, if anything, to get this attorney to settle the case?     Read the Q&A………………………….. https://communityassociations.net/category/fl_news/feed/

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How to get condo board members the professional help they need (FL)

know a lot of condominium association board members, and it’s always struck me that they have one of the worst jobs in South Florida.  Think about it: Condo association board members have real accountability but little real authority.  Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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New 2021 Legislation affecting Condominium, Cooperative and Homeowners’ Associations Part II (FL)

This year two bills relevant to Community Associations (Senate Bills 630 and 56) became law effective July 1, 2021. Last month we reviewed the provisions of Senate Bill 630. Today we will look at Senate Bill 56. The review is the order presented in the Bill and not in any order of importance.    Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Community Associations affected by the 2021 legislative session (FL)

Beginning this week, this column will begin its yearly review of legislative changes affecting community associations. Today, we will start with the main bill, Senate Bill 630, which became effective July 1, 2021.  Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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Engineers fear collapsed Miami condo may have lacked reinforced steel

Engineers believe a Miami condo that collapsed killing at least 24 residents may have been built using less reinforced steel than the plans called for – as officials planned to blow up the remaining wing with 121 people still missing.  Inspectors identified the issue at critical places in the base of the building in the first details about possible issues in the quality of construction at the 13-story Champlain Towers South in Surfside.    Read the entire article………………………………. https://communityassociations.net/category/...

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Counties consider steps for increased oversight in wake of South Florida condo collapse (FL)

When Renee Ness moved to Florida from Illinois, she wanted to relax and enjoy beachside living, the sun, the sand and the water.  The sun and sand are just outside her front door. What she didn’t anticipate was that the water would be coming from her kitchen light fixture.   Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse (FL)

The lights are still dark at Eighty Seven Park, the luxury tower next to the Surfside collapse site, more than a month after the tragedy killed nearly 100 people. Condos remain closed to residents during testing tied to the safety of the structure and air quality, sources told The Real Deal.   Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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These Surfside condo owners survived a harrowing disaster. Now they’re forced to battle big insurers (FL)

Most people expect that if a disaster strikes their home, insurance will help them rebuild and replace the possessions they’ve lost. But survivors of the collapse of the Champlain Towers South condominium learned this month that likely won’t be true for them.  Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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