More investors should consider 1031 Exchange

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SAN FRANCISCO – Nov. 13, 2013 – Before the property investment deal is sealed, a seller should ask himself one important question: Do I know if I’ll owe taxes on the sale of the property, even if I’m taking a loss on it? That question might be key to avoiding a common misconception: no profit means no taxes, according to …

Jumbo Mortgages Cheaper than other Mortgages

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WASHINGTON – Nov. 14, 2013 – In an unusual move, jumbo mortgages are becoming a bigger bargain over conforming loans. Lenders are offering jumbo mortgages at lower rates – more than a quarter of a percentage point – than conforming loans backed by Fannie Mae and Freddie Mac. “The government-run agencies require conforming loans to be below $417,000, unless they …

Who Owns the Mineral Rights under your Home?

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October 16, 2013 When Robert and Julie Davidson paid $255,385 in 2011 for their house at the Valencia Golf and Country Club in Naples, Florida, they didn’t know that they had, in essence, bought only from the ground up, and that their homebuilder, D.R. Horton, had kept everything underneath, says Reuters. In golf clubs, gated communities and other housing developments …

Fla.’s housing market continues upswing in 3Q 2013

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ORLANDO, Fla. – Nov. 6, 2013 – Florida’s housing market continued to improve in third quarter 2013 with more closed sales, higher median prices, more pending sales and a stabilizing supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®. “Data from the third quarter of 2013 shows …

House-Senate plan could delay flood ins. increase

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WASHINGTON – Oct. 29, 2013 – A bipartisan group of lawmakers in the U.S. House and Senate, including Florida Sen. Bill Nelson, announced an agreement to delay flood insurance rate increases under the National Flood Insurance Program (NFIP). The bill – The Homeowner Flood Insurance Affordability Act – will be introduced today. Important note, however: For the bill to become …