Weston Title News

The US Consumer Price Index, a key metric of inflation, does not include the rising price of homeowner insurance.  According to Bloomberg Intelligence, increased homeowners’ insurance would have added 80 basis points or approximately .8% to the reported CPI increase of 3.4%, meaning inflation would be more like 4.6 %. By not including home insurance, the CPI does not factor […]

In its efforts to further curb money laundering in the United States, the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury Department has proposed a rule that would require real estate professionals involved in closings to disclose the names of people behind anonymous limited liability companies and trusts involved in all cash residential property transactions, regardless of price. This […]

Now that we are into the New Year and the dust is beginning to settle, it is becoming apparent that residential real estate prices reached their peak late last year. In fact, now we are experiencing housing prices decline in many residential real estate markets in South Florida. The real culprit for prices not lowering quicker is the fact that […]

South Florida homeowners have plenty to face from substantially high assessments to insurance issues. First, many condo owners are dealing with significant condo assessments due to new state laws that require condominiums, every few decades, to re-assess their structures and make sure that such structures remain sound. As a result, many condominium associations are assessing high amounts to these homeowners, […]