Items Tagged with 'Florida'


Monday Morning Cup of Coffee: Hurricane Matthew causes billions in insured property losses

Fannie, Freddie offer relief to hurricane victims
Hurricane Matthew's sweep through the Southeastern coastal states left behind billions of dollars of damage, according to CoreLogic’s estimates. The GSEs are once again offering disaster relief to those whose homes were destroyed. Plus, St. Louis found a new way to create affordable housing for teachers.
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Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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Florida court upholds city's rights to place liens on zombie homes

Cities' liens on foreclosed properties aren't extinguished when home is sold
In a move that should help municipalities within the state of Florida fight against the state’s glut of zombie foreclosures, a state appeals court ruled recently that liens placed on foreclosed homes by the city are not discharged when the home goes through a judicial sale. Here's a closer look at the decision.
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Florida senators want "slumlords" held accountable for public housing conditions

Sens. Marco Rubio and Bill Nelson introduce bill to change HUD rules
Florida's senators are deeply concerned about the living conditions for some of the state's residents who live in federally subsidized housing and they want the government to do more to hold the properties' owners accountable. The senators say the move is in response to the "deplorable" living conditions discovered in several federally subsidized housing developments in Florida.
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Florida pastor found guilty of mortgage fraud

Facing maximum sentence of 90 years in jail
A Florida pastor is facing as much as 90 years in prison after being convicted of defrauding multiple mortgage lenders, the U.S. Attorney’s Office for the Middle District of Florida announced Monday. Here are the details of the case of Nelson Cristiano Machado, Jr.
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Here’s what homebuilders think you want

And it depends on when you were born
Although there's been a lot of talk about the need for builders to provide more affordable homes, each generation has a different view of what makes up their dream home. A panel of three builders outlined what each generation wants. Did they get your generation right?
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Florida building world’s first solar-powered town

Beginning new era of smart growth?
The demand from homebuyers for solar energy is growing and continues to do so. Whereas some areas are starting to make solar panels more cost effective, one area took it to a whole new level; they're building an entire town to be run on solar power.
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