Condo associations want to see the deadline extended and an interest-free loan program set up to help condo owners pay for the repairs.
On the Treasure Coast, 14 condo associations have formed an alliance to press for changes in the new safety inspection law. The group regularly meets to share ideas.
“They are pricing us out of our homes,” Mark Shea told WPTV news. He is the president of the Robles del Mar association in Indian River Shores. His community has many seniors living on fixed incomes who cannot afford the special assessments.
DeSantis agrees that a special session is needed but hesitates to call one until the Legislature has a good idea of what it wants to do.
“Let’s make sure they’re able to stay in their home,” said DeSantis during an appearance in September at the Roberto Alonso Community Center in Miami Lakes. “I don’t think this is something that you can just put off until next March or April.”
Source: Gainesville Sun
Mortgage Rates
Increase For The
Fifth Consecutve Week
Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August. With several potential inflection points happening over the next week, including the jobs report, the 2024 election, and the Federal Reserve interest rate decision, we can expect mortgage rates to remain volatile. Although uncertainty will remain, it does appear mortgage rates are cresting, and are not expected to reach the highs seen earlier this year.
