Florida Mortgage
Within this Thread you can review or add tips concerning obtaining a Mortgage in this state. More info can be found here: https://www.internationaldiscussions.com/real-estate-mortgages/usa/florida.php
Recently there have been reports that Real Estate and Mortgages in Florida have become dull due to the increase and consistency of storms. It seems that people are looking for other states that are less likely to have natural disasters as there are in Florida.
International Level: International Guru / Political Participation: 3231 100%
According to MortgageNewsDaily.com: "FLORIDA: As of last March, 225,971 homeowners' property policies were canceled and 224,868 policies were not renewed About 489,418 new policies were written by both private insurers and Citizens, the state-operated high risk pool. Allstate Insurance had plans to let lapse about 120,000 policies in Florida by the end of 2006 following cancellation of 95,000 policies in 2005. State Farm, the state's largest insurer announced it would not renew 39,000 windstorm policies in 2006 and plans to cancel all master condo policies. Premiums were doubling for windstorm insurance in many parts of the state with owners of 1,500 sf. homes facing premiums of $10,000 for wind damage alone with total insurance costs of $13,000 and deductibles of up to $18,000"
FLORIDA FORECLOSURE FUTURE SHOCK
A tidal wave of foreclosures may be heading toward Florida, if you judge by the number of homeowners looking to get rid of their homes as fast as they can.
Ref. https://money.cnn.com/2007/07/05/real_estat..._fall/index.htm
Tide turns against schools as foreclosures rise
Then the mortgage meltdown hit central Florida, and the crabs and anemones weren't the only ones hit with cold water. Here as elsewhere across the USA, hard times have forced schools to trim budgets, freeze hiring and, in a few cases, make substantial job cuts, raising doubts about the future of a range of programs, including the new marine lab. Ref. Source 4
Jacksonville mortgage delinquencies rise above 10%:
The number of Jacksonville homeowners who have fallen behind on mortgage payments rose steadily over the past three years and today stands at more than 10 percent, according to a national credit monitoring company. Ref. Source 2