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Tag: Buying & Selling

Condo ownership in Florida: What to know before you buy

Following the tragic collapse of the Surfside condominium, many condo owners are revisiting their rights while potential buyers are wondering what they should be asking before closing a deal.  WPTV spoke Tuesday to a local attorney about what you need to know before deciding to buy your new home.     Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

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County judge orders Marco Island condo association to stop ‘unreasonable’ screening practices for new buyers (FL)

A Collier County Court judge has ordered the Crescent Beach Condominium Association on Marco Island to get rid of its “unreasonable” financial screening practices for new buyers.  The unusual ruling follows a bench trial a few weeks ago for an unusual case brought by a prospective buyer in small claims court.     Read the 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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