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Archive for July 2013

Flood Insurance History & Reformation

Flooding is the most catastrophic natural hazard and causes, on average, $3 billion dollars in damage annually. In 1936 The Flood Control Act was the first national program aimed at flood damage. In 1965 Hurricane Betsy caused over $1 billion dollars in damage along the Gulf Coast of Florida to Louisiana, and was the first…

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Save Our Homes Act

The Florida Constitution was amended effective January 1, 1995, to limit annual increases in assessed value of property with Homestead Exemption to three percent or the change in the Consumer Price Index, whichever is lower. No assessment, though, shall exceed current fair market value. This limitation applies only to property value, not property taxes. When a house is…

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Homestead Exemption

Homestead Exemption One of the great many advantages of owning a home in the state of Florida is the tax benefit of Homestead Exemption. Every person who purchases and resides in a home in Florida on January 1st and thusly makes this their permanent residence, is eligible to receive a homestead exemption of up to…

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Assessed Value vs. Fair Market Value

It usually starts out on a rainy Sunday afternoon. You act on the musings of your imagination, and begin to Google Florida real estate. You of course find your way to Trulia, Zillow, House Hunt, etc. all the while seeing  various homes that seem relatively appealing, until… THERE IT IS! The absolute home of your…

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Book your Week in Paradise!

Naples Bay Resort weekly rental Price Sheet. Please contact Larry if you and your family would like to enjoy a week in beautiful Naples, Florida! Naples Bay Resort Weekly Rates

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Condo Association beats Bank in Million Dollar Foreclosure Battle

AVENTURA, Fla. – June 25, 2013 – It is a condominium association’s version of winning the lotto. A big bank missed its deadline to file for foreclosure on a million-dollar condo unit by 10 days. As a result, Peninsula Condominium Association in Aventura will get to keep the condo – a fancy three-bedroom, three-bathroom bayfront…

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