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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.

Assessing the Condition of Condominium Towers (FL)

The recent tragedy in Surfside, Fla., has significantly impacted our firm and the communities we serve. Our heartfelt thoughts and prayers remain with the victims and families affected by the Champlain Towers South collapse.  In the aftermath of this horrific catastrophe, many condominium association directors, members and managers have raised various questions concerning the safety and stability of their own buildings.    Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridac...

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Building Inspector Reviewed Measures Taken By Coral Gables Condo Deemed Unsafe, Residents Don’t Have To Evacuate (FL)

A building inspector has reviewed emergency measures taken by a Coral Gables condo that was deemed unsafe and said residents do not need to evacuate.  Last week notices were placed at the front entrance of the building at 730 Coral Way to let residents know they have until Monday to get out.    Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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Tips for coping with anxiety over condo living on heels of Surfside disaster

Following the devastation of the June 24 collapse of the Champlain Towers South, and tragic loss of at least 97 lives, anxiety is a factor in the thousands who live in condos in Miami-Dade County.   Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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Condo Buyers Should Investigate What They Don’t Know (FL)

Florida’s legislature mandates non-developer sellers of residential condominiums provide certain condominium records to a prospective buyer if requested by the buyer under a contract to purchase the condominium unit. The buyer has to be under contract to have right to the records. Buyers of residential condominiums from non-developers can terminate the contract up to three days after receiving the mandatory disclosure.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacon...

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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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