An article in Florida Realtor today is reporting news that should be of interest to Pembroke Pines homeowners: Governor Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer.Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet meeting Dec. 6.“I expect them to come back with ideas of things they can do without the Legislature, things that we have to go to the Legislature with,” Scott said Tuesday. “We shouldn’t be sitting here just hoping every hurricane season that … (0 comments)
pembroke pines real estate: Senate Votes to Extend Higher Loan Limits
- 10/21/11 11:52 AM
According to Houselogic.com, there's good news for Pembroke Pines homeowners: The Senate has agreed to extend higher limits on federally backed mortgage loans for two more years. The 60-38 vote late Thursday meant that through 2013, the government would continue to insure mortgages worth as much as $729,750 in high-priced housing markets. Those limits expired on Oct. 1, dropping that ceiling to $625,000. The House has not acted on the issue. Supporters of the higher limits say their expiration makes it harder for purchasers to buy homes, weakening the ailing housing market. The Obama administration has proposed letting the … (1 comments)
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