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  • Surfside condo residents will get up to $10,000 in insurance payouts to find temporary housing and up to $2,000 to arrange funerals (FL)

Surfside condo residents will get up to $10,000 in insurance payouts to find temporary housing and up to $2,000 to arrange funerals (FL)

Funds are on the way to help residents from the collapsed Champlain Towers South condo.  On July 2, Miami-Dade judge Michael Hanzman authorized payments of up to $10,000 for each condo resident who now needs to search for a new home, per the Miami Herald. An extra $2,000 will be given to those who have to arrange for the funeral of loved ones who died in the building collapse on June 24.   Read the entire article……………………………….

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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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