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 397

Tools Finance HOA Property Taxes 397

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

HOA 501

HOA Law Insurance New Listings 501

Lamacchia Realty

NOVEMBER 6, 2024

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs Buying a home in an area with HOA (Homeowners Association) fees can be tricky, especially since many people aren’t familiar with the process. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. HOAs in Florida: What Exactly are They?

HOA 68

HOA Realty Buyers Transportation 68

Appraisal Buzz

FEBRUARY 6, 2025

At the heart of the case is the question if a homeowners association (HOA) foreclosure could divest a first mortgage from a property. This case has answered the question in Pennsylvania of whether an HOA foreclosure could divest a first mortgage from a property. Eventoff, R. This is a big and important win for the mortgage industry.

HOA 273

HOA Legal Law Lending 273

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 473

HOA Real Estate Technology Investors 473

Appraisal Buzz

JANUARY 30, 2025

To add fuel to the fire, Americans who belong to homeowners associations (HOAs) also pay an additional $3,077 in HOA dues annually, bringing their total annual cost to $27,606.00. Its sufficient to convince 46% of homeowners that they dont think their property taxes fairly represent the worth of their house.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Housing Wire

APRIL 2, 2025

The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing. Terms of the product are broadly similar to those that govern the Federal Housing Administration s Home Equity Conversion Mortgage ( HECM ) loan.

HOA 291

HOA Property Taxes Insurance Government 291

Housing Wire

MARCH 17, 2025

The new bill aims to broaden foreclosure protections to those related to homeowners associations (HOAs), while standing up a new funding source for foreclosure prevention and ongoing mediation support. Christine Gregoire. Currently, the program is only open to borrowers who maintain a deed of trust in the property.

Law 359

Law Mortgage HOA 359

Housing Wire

MARCH 28, 2024

And then, there’s the process of dealing with the property’s Home Owners Association (HOA) or even simply determining whether one is involved at all. Dealing with the HOA—a nightmare for all parties involved. Nearly half (53%) of the owner-occupied homes in America are represented by some form of HOA.

HOA 488

HOA Property Management Real Estate Agent Technology 488

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

FEBRUARY 24, 2025

So, we saw that as a big opportunity, especially here in Southern California, where almost 30% of all homeowners are in an HOA. These agents and real estate companies all know HOAs they live in them, they farm in them, they transact in them.

Real Estate 268

Real Estate Property Management HOA Brokerage 268

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 459

HOA Real Estate Agent Technology Real Estate 459

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 435

Insurance HOA Legal Development 435

Housing Wire

FEBRUARY 13, 2025

Since the loan proceeds are not income, they are not subject to income taxes despite the requirement that borrowers remain current on their property taxes, homeowners insurance and (if applicable) homeowners association (HOA) fees.

Property Taxes 348

Property Taxes Mortgage HOA Insurance 348

Housing Wire

FEBRUARY 28, 2025

Florida is experiencing a slowdown as the state faces rising home insurance costs, HOA fees, and increasing risks from natural disasters. Other cities with high cancellation rates include: Orlando, Fla. Las Vegas 17.9% Houston 17.8% Jacksonville, Fla.

HOA 350

HOA Inspection Buyers Real Estate Agent 350

Housing Wire

JANUARY 28, 2025

These may be mortgages , tax liens, HOA liens, child support judgments, etc. Second, it requires determining whether others have any claim or interest on the property. For example, people claiming they are owed payment can attach claims called liens to the value of the property.

Insurance 418

Insurance Legal Government HOA 418

Housing Wire

FEBRUARY 7, 2025

It creates a permanent reverse mortgage foreclosure prevention program, expands financial assistance coverage to include condominium and homeowners association (HOA) fees, and also broadens program availability to include the spouses of primary reverse mortgage borrowers. Mayor Muriel Bowser approved the measure on Jan.

Mortgage 315

Mortgage HOA Law Insurance 315

Appraisal Buzz

MARCH 14, 2025

And in Florida, unsold inventory is piling up amid skyrocketing insurance costs and HOA fees, along with intensifying natural disasters. The supply of homes for sale is surging in many parts of Texas and Florida, giving buyers an upper hand, and causing prices to fall. Thats partly because theyve been building more homes than other states.

Contracts 393

Contracts HOA New Listings Real Estate Agent 393

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

Appraisal Buzz

APRIL 2, 2025

Rising insurance and HOA fees are also dampening housing demand in Florida. Furthermore, the slowdown in remote work and the return to office mandates have largely stemmed the outflow of people from these regions. Further, retirees seeking to relocate from colder climates are facing affordability challenges. Home Prices Forecast to Rise 2.4

HOA 195

HOA Inventory Insurance Construction 195

Housing Wire

APRIL 1, 2025

The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing. Terms of the product are broadly similar to those that govern the Federal Housing Administration ‘s Home Equity Conversion Mortgage ( HECM ) loan.

Mortgage 251

Mortgage HOA Property Taxes Clients 251

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 148

HOA Law Real Estate Agents 148

Appraisal Buzz

NOVEMBER 26, 2024

Additionally, home insurance and HOA fees are skyrocketing. 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 397

Investors HOA Insurance Real Estate 397

Appraisal Buzz

OCTOBER 14, 2024

Homes are remaining on the market for longer now that inward migration has bottomed off, and rising insurance and HOA dues are further dampening buyer demand. Additionally, recent damage from Hurricane Milton may drastically change some of these trends in the near future.

Marketing 370

Marketing HOA Buyers Contracts 370

Hank Miller Team

DECEMBER 3, 2024

HOA issues are on the rise, but the vitriol directed at them is not always justified. Over the last several years, many HOAs have been financially stressed and that stress is being passed to residents. Over the last several years, many HOAs have been financially stressed and that stress is being passed to residents.

HOA 52

HOA Buyers Insurance Sellers 52

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 448

HOA Landlords Law Legal 448

Appraisal Buzz

MARCH 25, 2025

The higher costs of ownership, from insurance to HOA and utilities, also impacts cap rates. Cap rates: As prices climb and vacation rental revenue dips, cap rates (the annual ROI or rate of return-on-investment) are feeling the pressure. So what does this mean for vacation rental buyers?

HOA 327

HOA Buyers Inventory Investing 327

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 518

HOA Home Value Insurance Mortgage 518

Appraisal Buzz

MARCH 18, 2025

While it may come as no surprise to some, the pandemic caused Floridas homebuying costs to soar, but in many areas of the state, prices have dropped over the past year due to escalating natural disasters, rising HOA dues, and rising insurance premiums.

HOA 387

HOA Real Estate Agent Tenants Real Estate 387

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 263

HOA Buyers 263

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 459

Buyers HOA Property Taxes Inspection 459

Appraisal Buzz

DECEMBER 30, 2024

Surging HOA fees, high insurance costs and destructive natural disasters are also making many Florida house hunters hesitant to pull the trigger. Next came Austin, Texas (62.4%); Fort Lauderdale, Florida (62.3%); San Antonio (60.3%); and Orlando, Florida (59.9%).

HOA 221

HOA Inventory Real Estate Agent Contracts 221

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 497

HOA Insurance Clients Finance 497

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 397

HOA Real Estate Brokerage Realtors 397

Appraisal Buzz

OCTOBER 28, 2024

Home prices that are much higher than in pre-pandemic times and the disaster-driven surge in HOA and insurance costs are now pricing homebuyers out of the market.” “The cost of owning a home has gone from affordable to unaffordable for a lot of local Florida residents and out-of-towners. Atlanta $2,811 106.8% $239 65.8%

Property Taxes 349

Property Taxes Home Value Government HOA 349

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 497

HOA Modernization Real Estate Housing Market 497