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House Keys

• Report: South Florida home prices rise in May

  South Florida home prices continue to gain momentum, according to a report released Tuesday.

  Prices in Palm Beach, Broward and Miami-Dade counties rose 1.4 percent in May from April and 3.4 percent from a year ago, figures from the Standard & Poor's/Case-Shiller home price index show.

  It’s the fifth' [...]

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• Why hasn't Gov. Rick Scott taken a stand on FPL's proposed rate hike?

  Critics of Florida Power & Light's proposed $690 million base rate hike have questioned why Gov. Rick Scott hasn't publicly stated a position on it.

  The increase would amount to $7.09 more a month on the base part of a monthly bill for customers who use 1,000 kilowatt-hours a month [...]

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• Investment firm buys $33M in South Florida mortgages

  A private investment firm that buys distressed real estate debt has acquired $33.4 million in residential and commercial mortgages across Palm Beach, Broward and Miami-Dade counties.

  RER Equities bought the 51 notes from EuroBank, a Coral Gables-based subsidiary of Banco do Brasil. The cash deal was completed in 30 [...]

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• Citizens Property Insurance approves 10 percent rate hike

  Citizens Property Insurance’s board voted Friday to increase premiums by more than $250 million by a statewide average rate hike of more than 10 percent.

  Board members killed two controversial proposals: To charge new policyholders much higher rates and reduce coverage for certain water damage to $15,000.

  Premium increases for [...]

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• Citizens insurance approves 10 percent rate hike, kills two controversial plans

  Citizens Property Insurance’s board voted Friday to increase premiums by more than $250 million through a statewide average rate hike of more than 10 percent.

  Board members killed two controversial proposals: To charge new policyholders much higher rates and reduce coverage for certain water damage to $15,000.

  Premium increases for [...]

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• Citizens insurance approves 10 percent rate hike, kills two controversial plans

  Citizens Property Insurance’s board voted Friday to increase premiums by more than $250 million through a statewide average rate hike of more than 10 percent.

  Board members killed two controversial proposals: To charge new policyholders much higher rates and reduce coverage for certain water damage to $15,000.

  Premium increases for [...]

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• Ask a real estate pro: The consequences of walking away from a mortgage

  Enclosure: [download]

  Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here.

  Q: My mom lives in Florida and she is' [...]

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• Ask a real estate pro: Lender sues over line of credit

  Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here.

  Q: I lost my home to foreclosure in 2010 [...]

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• Proposals to transfer Citizens' policies to private insurers

  A Citizens Property Insurance panel discussed proposals Thursday to have private insurers take over large batches of its policies.

  Most of the proposals called for having Citizens provide cash, loans or other forms of funding to private insurers in exchange for taking policies. Critics raised questions about how the idea [...]

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• Consumer advocate slams Citizens insurance over inspections

  Insurance Consumer Advocate Robin Westcott on Thursday criticized Citizens Property Insurance's push to inspect homes and revoke discounts for hurricane-resistant features.

  Insurance Consumer Advocate Robin Westcott on Thursday criticized Citizens Property Insurance's push to inspect homes and revoke discounts for hurricane-resistant features.
  “Hardening of homes is the only way [...]

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