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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.

Automotive Safety Product Company HornBlasters Inc. Announces New Location in Tampa, Florida

TAMPA, Fla. /Florida Newswire/ — HornBlasters Inc., the maker of train horns for trucks and cars, is expanding its operations and has opened a new location in Tampa, Florida. The new warehouse facility officially opened for business on June 1 and offers customers the convenience of contactless pickup for their orders and room for continued growth as the company continues to expand its offerings. HornBlasters continues to innovate and lead the way in the consumer air horn and safety device market with a mission to make the roads safer while having a little fun. It delivers the real sound...

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Restrictions in Community Documents Will Be Strictly Construed by Courts (FL)

A community association’s declaration of covenants governs the duties and responsibilities between an association and its owners. When interpreting the text of such documents, courts will apply a rule of strict construction that requires a court to apply any unclear or ambiguous language in the manner most favorable to the owner. Strict construction has a long history in the law and has been an important element of how courts enforce the documentary the relationship associations and its members.   Read the article…………………………. #floridacondotelmortgage...

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Community Associations Challenged with Limited Resources When Dealing with Mentally Ill or Violent Residents (FL)

On the heels of Mental Health Awareness month and with full restrictions yet to be lifted during the COVID-19 pandemic, stress-related incidents and escalating tensions within community associations are on the rise.  Mental health issues have been exponentially compounded by the fact that social distancing is still enforced and many people who suffer from mental illness are not getting the proper treatment they desperately need.    Read the article………………………….. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Association Loans/Lines of Credit

In this time of growing financial crises, associations are increasingly considering loans/lines of credit in order to have sufficient cashflow in the event of budget shortfalls caused by increasing delinquencies or in order to pay for projects that cannot be funded through the operating budget alone but cannot be postponed.    Read the article…………………………… #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Important Advisory—Emergency Powers, Hurricanes and Coronavirus (FL)

All board members, officers, property managers and residents alike should make sure that they understand their rights and obligations in emergency situations. Below are some of the more common questions that have, and will continue to, arise during this time.  Read the article………………………… #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Hurricane Insurance Claim Deadlines (FL)

Almost three years have passed since Hurricane Irma and almost two years since Hurricane Michael. If your community has received insurance money and rebuilt, or if your community has only suffered minor damages, both hurricanes may seem a lifetime ago. Unfortunately, many communities are still suffering through unpaid claims and, in many cases, unknown damages.     Read the article……………………………… #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Hurricane Season – Premature Start? (FL)

Hurricane Season in 2020 has gotten off to a premature start. Although the official start to Hurricane Season is June 1, Tropical Storm Arthur formed Saturday, May 16 off the coast of Florida. Arthur then swung along the North Carolina coast before heading back to sea.   Read the article………………………… #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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Technology from Florida’s Pneuma Solutions Breaks the Distance Learning Barrier for Disabled Students

MIAMI, Fla. /Florida Newswire/ — Today Pneuma Solutions launched a free service that redefines the way students with special needs are provided instructional materials. Based on Pneuma’s Augmented Document Remediation technology, Scribe for Education allows teachers in K-12 to upload image files to a secure cloud service that provides near real time conversion to a variety of text and audio formats like Braille, large print, and MP3 for use by disabled students. The service fills an essential gap as school districts flip from traditional classrooms to distance learning programs. “Students...

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CELEBRATE COMMUNITY: Destin Snowbirds donate quilts to CIC

DESTIN — The Destin Snowbird Quilters recently presented hand-made quilts to each child living at the Children In Crisis Neighborhood.“The donation will make a huge difference in the lives of our children,” said Ken Hair, the CIC’s president and CEO. ”Support from the Destin Snowbirds is vital to our very worthy mission.”Children in Crisis is a charity of caring people whoe passionate about helping with the severe shortage of foster […] #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

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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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