Category: Florida
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Florida Homeowners’ Insurance (If You Can Get It) Costs a Fortune
In 2022 and 2023 so far, Fortune magazine reports, 15 companies have stopped issuing insurance policies to Floridians. Most recently, it was Farmers Insurance, citing “risk exposure.” (Farmers subsidiaries will keep working within the state.) AAA, while not backing out of Florida completely, says: “Last year’s catastrophic hurricane season contributed to an unprecedented rise in…
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Fall of Florida’s Champlain Towers South Prompts Changes in Condo Loan Rules
Conventional mortgage backers Fannie Mae and Freddie Mac have solidified updated policies for loans to condo buyers. There are a few new requirements now going into effect, to be part of these loan-backing giants’ permanent rules. They’d only been temporary provisions until now. Here’s a Q&A to answer some basic questions on the new rules.
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House Gift: Transferring Your Arizona or Florida Home Through a Gift Deed
Using a gift deed, you can transfer your home to a new owner. The transfer of a gift deed occurs among friends and relatives, or between donors and charities. The giver of the gift deed, formally known as a grantor or donor, conveys the home to the recipient or donee while the donor is alive.…
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Homestead Exemptions and Living Trusts: a Look at California, Florida, and Texas
The information presented in this article is not all-encompassing, nor is it meant to be construed as professional legal advice. Because homestead exemption laws are complicated, consult a qualified attorney with questions regarding homestead exemptions and living trusts in your state. Via Black’s Law Dictionary, 8th ed., a homestead is “[t]he house, outbuildings, and adjoining…