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Freddie Mac

‘Property assessed’ financing for solar panels reveal serious consequences for Pinellas Realtors, lenders

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As solar energy expands as Florida’s next big growth industry, with it comes a host of unforeseen consequences. While promises of reduced energy costs for consumers and the lure of “no credit needed,” county-approved loans are indeed attractive, easy financing and lower energy costs could be masking other, potentially devastating, economic problems. A letter last year from the Pinellas Realtors Organization, standing for over 7,000 real estate professionals countywide, to County Commissioner Charlie Justice cautions against one such situation where…

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‘Doc stamp’ tax on Freddie Mac, Fannie Mae deals is illegal, suit says

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real estate sales

A proposed class-action suit says Florida has been illegally collecting real estate “doc stamp” taxes on homes bought from Fannie Mae and Freddie Mac.   Richard A. Castorri filed suit last week in Leon County Circuit civil court against the Department of Revenue (DOR), court dockets show. He bought a house in Leon County from Fannie Mae in 2014, his suit says. A Documentary stamp, or doc stamp, tax is levied on the sale of real estate. The state collected nearly…

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Pre-debate from Jeff Greene campaign: Kendrick Meek led homeowners ‘over a cliff’

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Democratic U.S. Senate candidate Jeff Greene’s campaign spokesman Luis Vizcaino responds to the Kendrick Meek campaign memo this morning: “Kendrick Meek led the people of Florida over a cliff when he sponsored homeownership fairs entitled Ten Weeks to Homeownership that targeted first-time home buyers essentially persuading people to take-on risky loans that they could not afford. And now, in a desperate attempt to save his failing campaign, Meek tries to place blame elsewhere for the thousands of people that lost…

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