Real Estate News 03/13/08
HOMEOWNERS INSURANCE - If a homeowner insured by Citizens Property Insurance Corp. could get a lower rate by going with a private insurer, his insurance agent must tell him - a new rule ordered yesterday by state regulators. Recommendation - call your insurance agent and check to see if you can get a lower rate for your Naples, Bonita Springs or Estero home.
FHA LOANS - Expect more lenders to offer FHA loans. The government reports an upswing in the number of lenders applying for FHA licenses as an increasing number of borrowers show an interest in the product.
FORECLOSURES - Nearly 60 percent more United States homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest rates. In Florida, 32,447 homes reported at least one filing, up more than 69 percent from February 2007 and up more than 7 percent from January, according to California-based RealtyTrac Inc.
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