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Monday, October 26, 2009

10/26/2009 EarlyBird News

---------- Forwarded message ----------
From: Florida Realtors <email@email.floridarealtors.org>
Date: Mon, Oct 26, 2009 at 1:56 PM
Subject: 10/26/2009 EarlyBird News
To: john@johnjrose.com


EarlyBird News

Daily Briefing: Monday, October 26, 2009
A service for members of Florida Realtors®

TODAY'S TOP STORIES

Insurer renews policy despite Chinese drywall

Citizens' Property Insurance said it would reverse its earlier decision to cancel coverage based on a "pre-existing condition." Read more.

Property insurer allowed to raise rates

Universal Property and Casualty, the state's second largest insurer, received approval for an average 14.6% increase. Read more.

Citizens inspecting homes for claims fraud

The property insurer says some homeowners fraudulently claim hurricane mitigation discounts to cut costs. Read more.

Owners walk away from underwater mortgages

In two Fla. counties, 28% of foreclosures are 'wise financial decisions' to owners who can still afford the property. Read more.

Outlook for jobs turns positive

Economists say the economy can't bounce back without lower unemployment, but a new report offers some hope. Read more.

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Paid mortgage in full but not free and clear

As banks collapse and mortgage ownership changes, a paid-off home might not have paperwork to prove it at closing. Read more.

Florida Realtors® News

Florida Realtor to chair FREC

Gov. Crist appointed Roger Enzor with Prudential Florida to chair the Florida Real Estate Commission until 2011. Read more.

AROUND FLORIDA

Orlando: Downpayment help for first-time homebuyers is a bust
Lee County: County buys vacant homes for resale
Tampa Bay: Home sales don't match Florida's 34% boost in Sept.
Jacksonville Beach: Developer cites new state law in condo fight

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