HUD sees more manufactured housing as part of the nation’s affordable housing solution, and an independent office now reports directly to a top FHA official.
A short-term rental listing is treated differently than one with annual renters. If a home may be rented for a few weeks between listing and closing, you may want to use the DD. Seasonal and Vacation Rentals After Closing Comprehensive Rider.
It doesn’t make sense to refinance at-risk FHA loans due to higher interest rates, so the latest plan simply offers a reduction and extends the mortgage payoff date.
After the Surfside tragedy, FHFA issued temporary condo-lending rules. Those rules will change, and NAR is part of the discussions – but it can’t legally talk about it.
A broker’s listing had a septic system rather than sewer, but it wasn’t disclosed. However a complaint alleging a violation of Article 2 of the Code of Ethics ended with a decision that they weren’t in violation. That’s a pertinent fact, right? How can that NOT be a violation?
The Florida Realtors-backed housing bill passed this year – Live Local Act – creates multiple, broad-based incentives to spur construction of affordable housing.
Judging by Florida Realtors Legal Hotline calls, the Post-Closing Occupancy Rider may be the most misunderstood. Many think it’s required for a post-closing occupancy. It’s not.
Brokers’ files often have Social Security numbers, bank account information and driver’s license copies – the top targets of fraudsters. It’s important to keep that info safe – and have an internal system that provides legal protection if that fails.
While “shelter costs” make up 25% of the Consumer Price Index, the calculation only looks at rising rents. SMR calls that “a major flaw” and developed its own index.
Home prices, however, declined 3.1% year-to-year. Price increases in the Northeast and Midwest regions failed to offset declines in the South and West.
