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Disputed real estate estoppel bill clears House panel, but has a long way to go

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Amid a heated inter-industry debate among representatives of title insurance companies and homeowners’ and condominium association managers, a bill to shift certain closing costs onto the latter passed the House Civil Justice Committee on Tuesday with two “no” votes. Republican Rep. John Wood‘s HB 203 is based on the premise that HOAs and condo associations are charging unreasonable fees, “holding hostage” homeowners trying to sell their units in HOAs and making them pay for a “letter of estoppel” from the association before…

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Florida consumer confidence drops in October, low-income households gloomiest

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Consumer sentiment among Floridians fell slightly in October to 88.8, down less than half a point from September’s revised reading, according to the latest University of Florida consumer survey. Among the five components that make up the index, one decreased while two increased and two remained unchanged. “The greatest decline in the consumer sentiment index was among those with household income less than $50,000 per year while the biggest increase came from those with incomes above that mark,” said Hector…

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