Appraisal Buzz

AUGUST 23, 2024

The post Classifying Mortgages and HOA Super Liens first appeared on The MortgagePoint. The post Classifying Mortgages and HOA Super Liens appeared first on Appraisal Buzz.

HOA 221

HOA Mortgage Government Legal Fees 221

Housing Wire

NOVEMBER 22, 2023

And then, there’s the process of dealing with the property’s Homeowners Association (HOA) or even simply determining whether one is involved at all. There’s no uniform method of determining if a property management firm represents an HOA and, if so, which firm. Even something as simple as obtaining a PDF might take weeks.

HOA 430

HOA Real Estate Agent Technology Real Estate 430

Housing Wire

SEPTEMBER 5, 2023

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. Porch said since terminating a reinsurance agreement connected with Vesttoo on August 4, HOA replaced 84% of the roughly $175 million in reinsurance coverage provided under that contract.

Insurance 412

Insurance HOA Legal Development 412

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 379

HOA Real Estate Technology Investors 379

Housing Wire

MAY 7, 2021

Understand HOA Rules. One of the first things you should do when you move is gain an understanding of HOA rules. Some HOAs require status updates on the property, like when the mortgage is transferred. You should also make sure you have a working fire extinguisher, in the event of an emergency. . Check Your HVAC System.

HOA 488

HOA Decorating Inspection Mortgage 488

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. In Tampa, the number of condos for sale soared 57.2% and the median sale price fell 4.9%.

HOA 397

HOA Insurance Inventory Investors 397

Housing Wire

JUNE 7, 2024

Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance , taxes and HOA fees, as a source of financial buffer,” Hepp said. Conversely, 153,000 homes would fall underwater if values declined by 5% or more. of homes underwater) and Texas (1.7%

HOA 509

HOA Home Value Insurance Mortgage 509

Housing Wire

OCTOBER 17, 2024

What is one of the largest fines you think a housing provider—like landlords, condo HOAs/boards, and state and local housing authority offices—has had to pay due to turning away emotional support and service animals?

HOA 398

HOA Landlords Law Legal 398

Inman

JULY 13, 2023

The power of the HOA may be over in some areas where personal preference and environmental concerns are ruling the day.

HOA 125

HOA Law Real Estate Agents 125

Appraisal Buzz

DECEMBER 16, 2024

But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes.

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

JULY 23, 2024

I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.”

Buyers 436

Buyers HOA Property Taxes Inspection 436

Housing Wire

AUGUST 20, 2024

“We see our mature clients coming into our centers to seek part-time employment to supplement their retirement income because of their increased living expenses, insurance premiums, and even rent/HOA fees,” Dattolo said. Social connection is also a factor but remains secondary to economic reasons, she said.

HOA 461

HOA Insurance Clients Finance 461

Housing Wire

SEPTEMBER 24, 2021

Since the approval is lifetime and not based on HOA financials but based upon the CC&R’s, there is no real reason to require this. Nor is it required that an HOA board even consider getting a VA condo project approved, if it currently isn’t.

HOA 382

HOA Real Estate Brokerage Realtors 382

Housing Wire

FEBRUARY 5, 2021

According to Realtor.com , homebuyers should look for: Whether the HOA restricts the number of pets or the type of pet A dog-friendly floorplan (i.e., Of the respondents, 61% were dog owners, 45% owned cats, 12% owned fish and 9% were bird owners. You’re probably wondering exactly what kind of features a pet needs in their home to be happy.

HOA 486

HOA Modernization Real Estate Housing Market 486

Housing Wire

NOVEMBER 22, 2024

Additionally, home insurance and HOA fees are skyrocketing,” Redfin noted. . “Investors are backing off from buying homes in Florida for similar reasons individuals are backing off: Florida has become a less desirable place to live as the intensity and frequency of natural disasters increase.

Investors 421

Investors Real Estate HOA Housing Market 421

Real Estate News

FEBRUARY 15, 2023

According to the U.S. Census, 82% of newly built homes sold in 2021 were a part of a homeowners association.

HOA 216

HOA Buyers 216

Housing Wire

DECEMBER 21, 2020

Install a pool, paint the shutters or add a second master bedroom (unless you have an HOA, that is.). You’ll likely have more square footage, more bedrooms and more privacy for members of your household. Another nice perk? You can do what you want with the property.

HOA 524

HOA Real Estate Agent Real Estate Renovations 524

Appraisal Buzz

MAY 6, 2024

Couple that with the new Florida regulation requiring HOAs to maintain reserve funds for future expenses related to maintenance and inspections, and it’s no surprise that HOA dues are soaring. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370

HOA Insurance Legal Fees Valuation 370

Appraisal Buzz

JUNE 18, 2024

Foxfield at Naaman’s Creek Homeowners Association, Mohamed Ahmadat and Raechelle Eventoff was commenced by a homeowners’ association (HOA) due to delinquent HOA assessments. The HOA initiated a foreclosure action under its HOA liens that proceeded to a Sheriff’s Sale of the property. Any final comments?

HOA 195

HOA Mortgage Legal Law 195

Housing Wire

OCTOBER 23, 2020

Rounding out the hiring announcements for this week, LRES Corporation , a real estate appraisal, valuations, HOA, commercial trustee services and REO asset management company, has promoted Cassie Vega to senior director of client experience, bringing more than 12 years of experience in the valuation space to the position.

Client Relationships 361

Client Relationships HOA Valuation Investing 361

Appraisal Buzz

JULY 3, 2024

Meanwhile, the price growth gap between detached homes and attached homes further widened, likely indicating homebuyer preferences for more personal space to work from home after the height of the pandemic, as well as surging HOA fees due to maintenance costs.

HOA 397

HOA Inventory Marketing Appraisal 397

Housing Wire

DECEMBER 3, 2024

Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments.

Tools 335

Tools Finance HOA Property Taxes 335

Appraisal Buzz

JULY 24, 2024

The significant increase in unsold inventory in Florida and Texas is due to these states building more new homes, in part due to the availability of open land, than other parts of the country, adding to the overall supply at a time when demand is slow due to high housing costs, including skyrocketing insurance and HOA prices.

Inventory 435

Inventory Marketing HOA Contracts 435

Appraisal Buzz

JUNE 7, 2024

Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer.” “Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity, leaving only about 1.8 percent of those with mortgages underwater.”

HOA 317

HOA Mortgage Insurance Appraisal 317

Housing Wire

DECEMBER 18, 2020

If the home is located in an area with an HOA or condo association, there may also be dues there, too. Additionally, there are other costs to factor in, including things like licensing (if required by your city), taxes (including any exemptions you might lose by not living in the home), insurance, cleaning fees, supplies and more.

HOA 488

HOA Finance Investing Loan Officers 488

Appraisal Buzz

JUNE 5, 2024

“Also, the price cooling is more pronounced in markets where there has been an influx of inventory and/or new construction, as well as those where additional homeownership costs (such as insurance, taxes and HOA fees) have risen relatively faster.” To read the full report, including more data, charts, and methodology, click here.

HOA 370

HOA Insurance Construction Inventory 370

Appraisal Buzz

JUNE 7, 2024

of those with mortgages underwater.” “Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer,” Hepp continued. “Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity, leaving only about 1.8%

HOA 369

HOA Insurance Mortgage Appraisal 369

Housing Wire

DECEMBER 5, 2022

According to PropLogix, the most common tasks outsourced are municipal lean searches, title searches, tax reports, judgement searches, UCC searches and HOA research. Compared to 2020, there was a 68% increase in the number of title professionals reporting that they outsource HOA research (47% in 2022 compared to 27% in 2020).

Insurance 376

Insurance Bracketing HOA Law 376

Lamacchia Realty

MARCH 9, 2023

WHAT IS AN HOA? An HOA, or Homeowners Association, is when a common interest community – which includes mainly condos but could include some single-family or waterfront properties – provides ground rules for maintaining their common spaces and property. HOAs can also have legal power over properties.

HOA 67

HOA Legal Buyers Realty 67

Housing Wire

SEPTEMBER 4, 2024

The same obligations of a traditional HECM — namely, keeping up with property taxes, insurance maintenance and (if applicable) HOA fees — must be maintained to avoid foreclosure.

Mortgage 379

Mortgage HOA Insurance Property Taxes 379

Housing Wire

APRIL 21, 2023

.” Broeksmit said expenses can fluctuate significantly because some items are not in credit reports (child support or alimony being one example) and others are estimated at application but could change at closing, such as HOA dues, hazard insurance and property taxes.

Logistics 444

Logistics Mortgage HOA Property Taxes 444

Housing Wire

JANUARY 22, 2021

There will be more maintenance and repairs to cover, higher insurance premiums to account for, and you’ll be responsible for things like property taxes and HOA dues, too. You’ll not only pay significantly more for a house initially, but you’ll also have more in long-term costs, too. The bottom line.

Property Management 416

Property Management Decorating HOA Property Taxes 416

Housing Wire

OCTOBER 18, 2024

Borrower must continue to pay all property charges including property taxes, homeowner insurance, HOA dues, and more. Consequently, the spread between the 10-year and the 1-year has narrowed. It appears the rate inversion we’ve had since July of 2022 may soon end. Graphics by Dan Hultquist.

Mortgage 373

Mortgage HOA Property Taxes Home Value 373

Housing Wire

NOVEMBER 1, 2021

Punctual Abstract , which compiles and provides abstracts, title evidence and ancillary documents, such as HOA estoppels, tax certificates and municipal, announced Monday that it has acquired Mississippi-based Slade Title Research. The merger is effective immediately.

HOA 313

HOA Technology Development Marketing 313

Inman

MAY 17, 2024

PayHOA, a software company in the HOA management space, gets $27.5 million in Series A venture capital, led by Elephant.

HOA 148

HOA Technology 148

Housing Wire

JANUARY 19, 2023

These title insurance alternatives only cover title defects that can be found by a public records search, while title insurance protects against known risks and unknown risks not found in a search, such as federal tax liens, HOA liens, and fraud or forgery of title documents.

Insurance 463

Insurance HOA Real Estate Law 463

Housing Wire

JULY 7, 2023

A requirement of a government-sponsored Home Equity Conversion Mortgage (HECM) is that the homeowner keep their home in good repair while paying any applicable property taxes, homeowners insurance and homeowners association (HOA) fees.

HOA 335

HOA Property Taxes Design Insurance 335