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Florida has the highest percentage of home loans in foreclosure in the country. So why is more than $300 million that could help homeowners sitting unused? Florida was awarded those millions in.
Homestead exemptions reduce property taxes for all homeowners by sheltering a certain amount of a home’s value from tax. Homestead exemptions are a progressive approach to property tax relief-that is, the largest tax cuts as a share of income go to lower- and middle income taxpayers.
ProPublica reports that $300 million awarded to Florida through a settlement over bad mortgages and foreclosures remains untouched. That money is meant to help homeowners in Florida that were hurt.
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A report from the Naples Herald in Florida. “The Naples housing market continues to show strength after closed property sales increased by 5 percent and inventory rose 2 percent in August, according to the Naples Area Board of Realtors.
A lawyer with experience in this area can help you evaluate such concerns. Challenging an HOA Fee or Assessment. If you and your fellow homeowners decide to challenge the HOA monthly fees or a special assessment, look first to the HOA’s bylaws or other governing documents. These likely set forth internal procedures for such a challenge.
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