Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. One of the things that we are currently working on is a new consumer facing website that is focused solely on bringing talent into the title insurance field.”.

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Insurance Bracketing HOA Law 376

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

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Insurance Legal Legal Fees HOA 316

Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. 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.

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HOA Real Estate Agent Technology Real Estate 430

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. This gives buyers leverage when theyre negotiating with other insurers.

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HOA Insurance Buyers Property Taxes 392

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%

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HOA Home Value Insurance Mortgage 509

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Insurance HOA Real Estate Law 463

Housing Wire

AUGUST 20, 2024

“Senior citizens, among other things, are fighting housing affordability costs driven upward by rising condo assessments, higher rents and maintenance costs, and back-breaking insurance premiums on multiple fronts,” the article explained. Social connection is also a factor but remains secondary to economic reasons, she said.

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HOA Insurance Clients Finance 461

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

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.

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HOA Real Estate Technology Investors 379

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.”

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Buyers HOA Property Taxes Inspection 436

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.

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Investors Real Estate HOA Housing Market 421

Housing Wire

SEPTEMBER 4, 2024

Guild’s Flex Payment Mortgage is a suite of products combining federally-insured [HECMs] with options for larger loan amounts as well as the reverse mortgage for purchase,” the company stated.

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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.

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Logistics Mortgage HOA Property Taxes 444

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.

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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.

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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.”

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HOA Mortgage Insurance Appraisal 317

Housing Wire

DECEMBER 18, 2020

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. If the home is located in an area with an HOA or condo association, there may also be dues there, too.

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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.

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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%

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HOA Insurance Mortgage Appraisal 369

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.

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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.

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Mortgage HOA Property Taxes Home Value 373

Housing Wire

SEPTEMBER 13, 2024

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021.

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Mortgage HOA Legal Property Taxes 418

Appraisal Buzz

NOVEMBER 26, 2024

Additionally, home insurance and HOA fees are skyrocketing. Hurricanes Helene and Hurricane Milton both made landfall and wreaked havoc across the Sunshine State within just days of each other, as insurers paid out billions in claims. In Las Vegas, investor purchases rose 27.6%

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Investors HOA Insurance Real Estate 396

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.

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HOA Property Taxes Design Insurance 335

Housing Wire

APRIL 8, 2021

But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. These costs may also fluctuate over time.).

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Property Taxes Landlords HOA Renovations 419

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.

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Marketing HOA Buyers Contracts 370

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. Florida and Texas have been building more homes than anywhere else in the country, which is one reason inventory, and thus, stale listings, are on the rise.

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HOA Inventory Real Estate Agent Contracts 221

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.

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HOA Technology Development Marketing 313

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.

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HOA Legal Buyers Realty 67

Housing Wire

OCTOBER 9, 2024

These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees. While payments toward the loan balance are not required by borrowers, there are other payments associated with keeping a reverse mortgage in good standing. There’s got to be a caveat to that,” Hultquist said.

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HOA Legal Property Taxes Mortgage 327

Appraisal Buzz

JUNE 4, 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.”

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HOA Insurance Construction Inventory 195

Appraisal Buzz

AUGUST 6, 2024

The analysis offers a far more thorough rent vs buy comparison by accounting for all costs associated with buying, such as taxes, insurance, HOA dues, and remodeling expenses in America’s 100 most populated metro areas and contrasted average rent pricing with those costs. Where Does It Make the Most Sense to Purchase a Home?

HOA 397

HOA Tenants Mortgage Buyers 397

Appraisal Buzz

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 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

OCTOBER 22, 2024

Advertising “tax-free” money without mentioning the requirement of the HECM program to keep paying property taxes, homeowners insurance and other potential obligations (like HOA fees) could be considered deceptive, Hultquist explained.

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Property Taxes Advertising HOA Mortgage 328

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%

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Property Taxes Home Value Government HOA 349

Appraisal Buzz

OCTOBER 3, 2024

This is because, when HOA and insurance prices rose, condo sales declined and the nation’s inventory of units expanded. Over the last year, all property types and all areas have seen a decrease in the turnover rate, with condos and townhouses experiencing the largest drops overall.

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HOA Property Taxes Advertising Real Estate Agent 397

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. Increasing HOA Fees HOA fees in Greater Atlanta increased by 12.2 The bite is severe and it’s going to get worse.

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HOA Buyers Insurance Sellers 52