The U.S. Office of the Comptroller of the Currency (OCC) is instructing banks to keep tight underwriting standards for a risky form of unconventional mortgage that is focused on a borrower’s assets. The “asset loan” - a form of mortgage once associated with the wealthy - is now being used ... » Learn More about Word of caution-Risky Mortgage Product
Home buyers
Floridians Turn to Their Insurers
The insurers companies of the Florida Property & Casualty Association (FPCA), an industry trade group made up of Florida-based homeowners insurance companies, are ready to help customers as a direct consequence of the storm, in accordance with a news release. Floridians Turn to ... » Learn More about Floridians Turn to Their Insurers
Contracts and Force Majeure
How exactly does the force majeure provision in the Florida Realtors/Florida Bar “As Is” contract work given that a hurricane has interrupted some transactions? Meaning “superior force” in Latin, force majeure outlines just how a buyer and seller will continue. Contracts and ‘Force ... » Learn More about Contracts and Force Majeure
Pending Home Sales Drop 2.5% in July
Pending home sales dropped in July, reversing course on two consecutive months of gains, in accordance with the National Association of Realtors®. Of the four major regions, each reported a decline in contract activity, however the greatest decline came in the West. Pending Home Sales Drop 2.5% ... » Learn More about Pending Home Sales Drop 2.5% in July
Taking Responsibility
Orison Swett Marden, the founder of SUCCESS Magazine said, “A strong, successful man is not the victim of his environment. He creates favorable conditions. His own inherent force and energy compel things to turn out as he desires.” We really like this quote. Orison Marden suggests that we triumph ... » Learn More about Taking Responsibility