Here are the latest 55 West apartment / condo offerings downtown Orlando: Gramercy x 2 starting at $1295 - May. x 2 Gramercy's starting at $1465. Soho - $1144 - March Village- $1486 - May 55 West City Residences: Small 1 bedroom! (825 sq ft) $1393 1 Large bedroom for $1467 pool view-12th floor... 1060 sq ft!  2/2's: (1300/1329/1402 sq ft)- starting at $1668 3/2's: starting at $2215 @ 1808 sq ft, 3 bathroom, an OFFICE AND 2 parking spots! 3/3 1808 SQ FT as low as [...]
Question: Our state statute states: "Unless otherwise provided in the governing documents, the homeowners association board of directors shall adopt and amend budgets for reserves in an amount adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments, provided that the amount set aside annually for reserves shall not be less than 10% of the budget for that year." What does "adequate" mean? Answer: If a special assessment [...]
We've just launched our new website for Downtown Orlando condominiums! Above is our new video for the site which can be found at: http://www.OrlandoCondosDowntown.com. We hope you like it. Turn up the sound and watch it in hi res! You'll find all of Orlando's downtown condos, lofts and penthouses there from new construction like the Sanctuary and Star Tower, to downtown condo conversions like Uptown Place. You'll also find a great new map that will let you see them all in relation to each [...]
Condo Juice is a new blog that is designed to help condo owners that live in small, self-managed, buildings. The sites owners say: "We know that you face unique challenges running and managing your homeowner association and there is not really much good advice out there. Condo Juice is here to keep you up to date on best-practices you should be following and to give you tips on how to make condo self-management not seem like a big hassle." Condo Juice has tips and advice [...]
55 West Condos at the Esplanade Downtown Orlando are continuing their aggressive drive to rent up their condos as quickly as possible. Delaney's (2's 1300 sq ft) starting at $1827 South Flagler (1329 sq ft)  starting at $1827 North Flagler(1402 sq ft) starting at $1853 Anderson starting at $2326 Current Specials: Lucerne - 687 sqft - $1168 NOW Village- 899 sq ft/11th fl- $1486 - may move soon Tribeca-1032 sqft/4th fl/latitudes-$1433 NOW Concord-1060 sqft/12th [...]
Amendments to the Florida Rules of Civil Procedure Largely Derived From Recommendations of the Task Force on Residential Mortgage Foreclosure Cases. Some of the changes are as follows: Verification of Mortgage Foreclosure Complaints: This requires the Plaintiff (lender) to attest to the truthfulness of the allegations in the complaint. It is intended to minimize erroneous filings, conserve judicial resources by reducing the number of cases with "lost note" issues and provide [...]
So many folk have asked me why the banks would 'short' sell so much property and cement their losses when they could do a simple loan modification do much better. And why do they make you miss a few mortgage payments before they'll even begin speaking with you. None of it makes financial sense, right? Well, like everything else in the world of finance, nothing is ever quite what it seems. You won't believe the sweetheart deal that the Indymac boys were given by the FDIC... Watch this [...]
Florida legislators understand how difficult association operations have been as a result of the high foreclosure rate, huge owner delinquencies, loss of revenue from the statutory cap on lender liability for payment and the length of time it takes to navigate through the legal system. As a result, there is no shortage of legislation filed for consideration during the 2010 legislative session.  Here is short synopsis of some of the bills with links to the actual text: House Bill [...]
Ignore the stats that were announced on the news today. National averaged statistics aren't very relevant after all, unless you're planning on buying up the entire country. Real estate is strictly a local business. So if you're planning on buying in Orlando, then it's Orlando data that really matters. And if it's an Orlando condo you're after, then Orlando condo data is all that really matters. So here goes... There's no doubt that most investors now believe that the bottom[...]
Readers have submitted quite a few questions in the last few weeks regarding insurance for condominium property and responsibility for repair of damages.  Section 718.111(11), Florida Statutes, requires every condominium association to maintain insurance coverage for: All portions of the condominium property as originally constructed (including replacements of like kind); and All alterations or additions to the common elements or association property made in compliance with [...]