Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now
  • Home
  • #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Tag: #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Be Proactive! Why Community Associations Should Pay Attention to Their Stormwater Management Systems (FL)

Stormwater management systems if managed correctly can greatly enhance the value and safety of a community. As community associations managers and governing boards are well aware, however, stormwater management systems can be expensive, and their operation and maintenance highly contentious. This blog provides an overview of what a stormwater management system is, the challenges associations face with respect to these systems, and the proactive measures association leaders should take to minimize risk associated with stormwater management.  Read the entire article………………………………. ...

Continue reading

Ruling Illustrates Perils in Foreclosures of Noncompliance With Documents, Miscalculating Claim of Lien (FL)

The article…….. discusses a recent ruling by the state’s Fourth District Court of Appeal that highlights not only the significance of associations complying with the provisions of their governing documents in foreclosures, but also the implications of a mistake in the calculation of the “assessment amount due” in determining the ultimate validity of an association’s claim of lien.    Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

Developers/Declarants Breached Contract by Failing to Pave Roads (FL)

Plaintiffs are property owners in what were originally three separate planned communities known as Mystic Lands. Defendants are the developer/declarant and its sole shareholder, Shinitzky. In October of 2006 the Plaintiff and his wife entered into a contract with declarant to purchase Lot 28 in Mystic Ridge.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

Post-Pandemic Changes to Disaster Preparedness for Community Associations (FL)

The Covid-19 pandemic has expanded the parameters and elevated the importance of disaster preparedness in community associations. Prior to the start of the 2021 hurricane season, community association boards of directors and property managers should reassess their disaster preparedness plans to ensure they are ready for anything and everything.      Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

The Plan – Identifying the Potential Consequences of a Disaster (FL)

The first step toward developing and implementing a disaster plan is identifying the potential consequences of a disaster. The second step is to develop and implement a plan to mitigate the impact of a disaster to the fullest extent possible.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

What Will the Damage Cost? (FL)

A well-designed disaster plan will include safeguards against future risk which are designed to minimize economic and property loss, as well as the loss of human life.  It is dangerous to ever become complacent about hurricanes when you live or own property in Florida. Knowing that disasters can occur and being prepared to deal with them will certainly minimize damages and promote a speedy recovery.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

Amendments to Condominium Documents MUST be Reasonable to be Valid

In 2016, a Master Association adopted seven amendments to its declaration. The amendments addressed the Master Association’s authority to approve proposed uses of certain buildings, increased assessments on them, and imposed additional restrictions on those buildings’ tenants. In response, the building’s prior owner (“Building Owner”) filed suit against the Master Association and eight individual directors and officers, seeking six forms of relief:   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing...

Continue reading

Implications of Governor’s Newest Executive Order on Florida’s Community Associations

Effective May 3, 2021 at 4:06 P.M., Governor DeSantis, by way of Executive Order 21-102, suspended all remaining local government mandates and restrictions based on the COVID-19 State of Emergency.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Continue reading

2021 Legislature Clarifies Use of Contract Deposits by Condominium Developers (FL)

Section 718.202 of the Florida Condominium Act sought to address the extent that condominium developers could apply contract deposits to pay costs involved in construction of a project. This Section of the Condominium Act allowed deposits in excess of 10% of the purchase price to be used, with appropriate language in the sales contracts for expenditures used in the “actual construction and development” of the project.   Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing #floridacond...

Continue reading

Does New Law SB 72 Protect Community Associations From COVID-19 Claims? (FL)

Florida Gov. Ron DeSantis signed SB 72 into law on March 29. For some time, volunteer community association boards, their managers, and professional advisers have worried that private residential communities might be subject to potential claims related to how the board managed (or in some cases, mismanaged) the COVID-19 pandemic. For the past year, many association boards have, thankfully, followed the safety guidelines set forth by the CDC, as well as adhered to local state and county orders regarding facial coverings in common areas, social distancing and amenity operations.    Read the entire...

Continue reading

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
 
Copyright © 2021 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Not intended for legal or financial advice, consult your own professionals if such advice is sought. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use