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Citizens approves plan to shed 300,000 policies
Source: Sun-Sentinel
Sep 7, 2012 8:13 pm
Citizens Property Insurance Corp. will begin shifting as many as 300,000 policies to private insurance companies in December as part of a $350 million plan approved Friday. The program will offer low-interest loans to private insurers as an incent…
Ask a real estate pro: Lender won't waive short sale deficiency
Source: Sun-Sentinel
Sep 7, 2012 12:00 pm
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, cl…
Private insurers considering 150,000 Citizens policies
Source: Sun-Sentinel
Sep 6, 2012 8:48 pm
Four private insurers have been approved to take over 150,000 policies from state-run Citizens Property Insurance Corp., regulators said Thursday. Citizens customers will be notified Oct. 1 if their policies have been selected. Policyholders have …
FIU’s annual State of Working Florida report finds “bleak” jobs picture
Source: Post
Sep 6, 2012 6:51 pm
Florida International University’s latest State of Working Florida report is out, and it offers little optimism for a robust recovery in the state job market. Among the lowlights, the study finds: A growing gap between rich and poor. “The pro…
Persistence pays off in case of Palm Beach County blighted house
Source: Post
Sep 6, 2012 5:01 pm
Fourth Street house before cleaning Palm Beach County code enforcement scored a small victory in a suburban Jupiter neighborhood struggling with a blighted vacant home. After weeks of pestering Wells Fargo Home Mortgage about the trash-filled Limesto…
Legoland Florida hints at Star Wars-themed expansion
Source: Sentinel
Sep 4, 2012 5:24 pm
Legoland Florida plans to announce an expansion at its Winter Haven park this week, apparently one with a Star Wars theme.
Florida lags nation in research spending, economist finds
Source: Post
Sep 4, 2012 2:26 pm
Economist Joe Kennedy analyzes state-by-state spending on scientific research and concludes that Florida lags the pack. Writing in the latest issue of The New Atlantis, Kennedy looks at private research and development spending and federal research g…
Senator: Citizens' officials should explain expense reports
Source: Sun-Sentinel
Aug 31, 2012 9:11 pm
State Sen. Mike Fasano wants executives from Citizens Property Insurance Corp. to answer for big bills they racked up on recent business trips. The Tampa Bay Times reviewed hundreds of expense reports filed by Citizens officials and found examples…
Florida ranked third for highest home price increases in second quarter
Source: Post
Aug 31, 2012 6:27 pm
Florida’s home prices jumped 7.4 percent in the second quarter of the year compared to the same time in 2011, ranking it third in the nation for the highest annual increase. The national average increase was 3 percent, according to the Federal Hous…
Ask a real estate pro: Foreclosure on primary home jeopardizes rental properties
Source: Sun-Sentinel
Aug 31, 2012 12:00 pm
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, cl…
PSC to address FPL settlement with big power users
Source: Sun-Sentinel
Aug 30, 2012 10:36 pm
Working around Yom Kippur, Florida's Public Service Commission on Thursday scheduled Sept. 27 and 28 to consider a proposed settlement Florida Power & Light reached with big power users. FPL had reached a settlement with the Florida Industrial Power…
FPL rate request includes millions for future plant properties
Source: Sun-Sentinel
Aug 30, 2012 3:03 pm
Florida Power & Light Co.'s rate request before regulators this week includes millions of dollars in future plant property purchases, primarily new plants to add power generation for South Florida. The state's Office of Public Counsel said FPL's rat…
Foreclosure-related home sales fall in 2nd quarter
Source: Sun-Sentinel
Aug 30, 2012 12:00 pm
Figures released Thursday confirm what South Florida homebuyers have been saying for months: There’s a shortage of foreclosures for sale. Broward County had 3,259 foreclosure-related home sales in the second quarter, down 31 percent from a year …
Extra incentive for FPL?
Source: Sun-Sentinel
Aug 29, 2012 3:05 pm
In Florida Power & Light's rate hike hearings this week, one of the issues has been whether FPL should receive a 0.25 percent incentive on top of its allowed return on equity., FPL is requesting an ROE of up to 11.25 percent. The state's largest uti…
Report: S. Fla. home prices rise in June
Source: Sun-Sentinel
Aug 28, 2012 2:55 pm
Home prices in South Florida and across the nation increased in June, offering more hope that the housing market is recovering from the six-year bust. Prices in Palm Beach, Broward and Miami-Dade counties rose 1.6 percent in June from May and 4.4…
Isaac causes diversions for cruises
Source: Sentinel
Aug 27, 2012 11:32 pm
Port Canaveral had to make way for an unexpected cruise ship over the weekend as Tropical Storm Isaac put a kink in the plans of some passenger lines.
Isaac causes kinks for cruises
Source: Sentinel
Aug 27, 2012 9:44 pm
Port Canaveral had to make way for an unexpected cruise ship over the weekend as Tropical Storm Isaac put a kink in the plans of some passenger lines.
Public advocate experts calls FPL's employee count 'excessive'
Source: Sun-Sentinel
Aug 27, 2012 8:46 pm
Florida Power & Light Co.'s rate hike request includes an increase in employee count that is "excessive," an expert for the Office of Public Counsel testified on Monday. Those additional payroll costs ultimately affect ratepayers, the Public Counsel …
Tropical Storm Isaac causes kinks for cruises
Source: Sentinel
Aug 27, 2012 8:44 pm
Port Canaveral had to make way for an unexpected ship Sunday as Tropical Storm Isaac put a kink in the plans of some cruise lines.
Citizens insurance: More than 750 Isaac-related claims so far
Source: Sun-Sentinel
Aug 27, 2012 5:40 pm
Citizens Property Insurance Corp. said late Monday it has received more than 750 Tropical Storm Isaac-related claims statewide -- most in Broward and Palm Beach counties. In a news release over the weekend, the state-run insurer of last resort est…
Online foreclosure acutions canceled Monday
Source: Sun-Sentinel
Aug 27, 2012 2:53 pm
Online foreclosure auctions in Palm Beach and Miami-Dade counties have been canceled Monday because of Tropical Storm Isaac. County offices are closed. Broward County does not hold normally hold the online auctions on Mondays. To follow Paul Ower…
Ask a real estate pro: Don't take no for an answer on short sales
Source: Sun-Sentinel
Aug 24, 2012 12:00 pm
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, cl…
FPL said it has storm contractors ready for Isaac
Source: Sun-Sentinel
Aug 23, 2012 9:43 pm
With Tropical Storm Isaac still steering toward Florida, Florida Power & Light Co. said Thursday it has 1,300 line workers and contractors on stand-by and is ready to call another 2,100 from out of state. FPL typically supplements its workforce with…
FPL salaries above-average for region, but on par for utilities
Source: Sun-Sentinel
Aug 23, 2012 6:55 pm
Florida Power & Light Co, said it pays above-average salaries, but those that are on par or even lower than those at comparable utilities, said FPL director of compensation Kathleen Slattery at Thursday's rate hike hearing. FPL's pay increases are "…
Nearly 44 percent of South Florida mortgages underwater
Source: Post
Aug 23, 2012 5:27 pm
The percent of South Florida homeowners who owe more on their mortgage than their home is worth decreased to 43.7 percent in the second quarter of the year from 46.4 percent earlier in 2012. Nationwide, the percent of homeowners with underwater mortg…