Florida Real Estate News - 03/14/07
FLORIDA PROPERTY TAXES
One hand may not know what the other hand is doing: The Florida House wants to get rid of property taxes; at the same time, however, it has told local school boards to increase property taxes if they need more money to operate.
Okay - time for the Florida legislature to start amongst themselves as to what the game plan is going to be reducing property taxes.
SUBPRIME MORTGAGES
Subprime mortgage market troubles already make it more difficult for some homebuyers to secure a mortgage, but fear of a broad collapse has caused Congress to consider tougher standards for the industry.
Just read that Fifth Third Bankcorp is announcing tighter lending guidelines for some of their loan programs after 8:30 AM today (March 15th). The Ides of March does blow an ill wind for some.
FLORIDA PROPERTY INSURANCE
Florida officials approved a new business plan for Citizens Property Insurance, allowing the state-run insurer to be more competitive and offer some savings to policyholders. Under the plan, Citizens will offer a complete policy that covers windstorm damage, as well as fire, theft and liability.
Are Florida officials aware that slightly more 7.5% of my homeowners insurance premium is for the September 2005 Citizens Recoupment? Glad to hear Florida officials are offering savings to policyholders of Citizens Property Insurance - hey what about me and the other people that are paying for the recoupment?
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