Hot Property

Wall Street Reform Impact On Real Estate

Relatively few of the pages of legislation touch on real estate finance directly. Much of the bill addresses the way hedge funds, banks, and other financial services companies are regulated. One of its centerpieces is the new Financial Stability Oversight Council, which will have the job of issuing alerts when it sees lending practices becoming [...]

Property Tax Relief for Commercial Waterfront Owners

The 2010 Florida Legislative Session just ended.  Several significant bills were passed regarding real estate and property ownership.  One very important bill is SB1408. Guidelines for appraising commercial waterfront properties. In 2008, voters approved a constitutional amendment directing property appraisers to base the assessments of marinas, fisheries, boat builders and other “working waterfront business” on [...]

“CAP AND TRADE” INACCURATE INFORMATION For Homeowners.

Recently, an email began re-circulating with some erroneous information in it about the American Clean Energy and Security Act (HR 2454) that was passed by the House last year.  Please be aware that the claims that HR 2454 requires a license or retrofit by property owners to sell their home, are not factually based.  If you [...]

If the program nicknamed “Cash for Caulkers” passes, homeowners will be eligible for a tax credit.

Cash for caulkers: Appealing to home shoppers? WASHINGTON – Feb. 8, 2010 – Congress is about to approve a program to put contractors back to work doing energy retrofits. If the program nicknamed “Cash for Caulkers” passes, homeowners will be eligible for a tax credit worth up to $12,000 or half the cost of the [...]

Will MOBILITY FEEs replace Hillsborough County IMPACT FEES?

Per a Florida State law passed in 2009 (SB-360) Hillsborough County is considering a MOBILITY FEE.  Buried in the law is a requirement for local government to consider having builders and developers pay for the impact to public roads and transportation brought on by development.  This sounds reasonable enough in it’s simplest form, doesn’t it? Please understand that since [...]

Hillsborough County Considers Temporary Housing for Chinese Drywall Problem

TAMPA – Mobile homes and recreational vehicles soon could be parked next to permanent homes in Hillsborough County, as residents rid their residences of defective Chinese drywall.And federal grants may pay for some of the work. Commissioners are considering a change to the county’s temporary housing ordinance to allow temporary housing for “non-natural” disasters, including [...]

2 more companies join the Government to purchase Toxic Assets.

WASHINGTON – Nov. 4, 2009 – Two more large investment companies have together raised enough money to join with the government in buying toxic assets held by banks so they can resume more normal lending to support an economic recovery. The Treasury Department said Tuesday that New York-based Angelo, Gordon & Co. LP and Norwalk, [...]

National Broadband Plan – Could make your home worth more.

On September 8, The National Association of REALTORS (NAR) filed a comment letter with the Federal Communications Commision (FCC) in its proceeding to develop a national broadband plan. NAR supports the FCC’s efforts because the business of real estate is increasingly conducted online. Streaming video, virtual tours and voice-over-internet-protocol are just some of the technologies [...]

Hearing Dates for 2009 Property Tax and Millage Rates in Hillsborough County, Florida.

August 31, 2009 2009 Property Tax and Millage Update For your convenience, a reminder of the public hearing dates for the determination of 2009 millage rates is attached. You are welcome to pass this information on to your associates, family members, clients and neighbors.  Meetings are open to the public to give you an opportunity [...]

White Paper on Chinese Drywall in Florida.

 White Paper: Chinese Drywall Overview.   Due to a shortage of U.S. manufactured drywall between 2004 and 2007, many builders were forced to buy drywall imported from China. The “Chinese drywall” has been linked to seeping sulfide gases that can corrode electrical wiring and components of air-conditioning and other household appliances. Some residents have been [...]