Sun Blog: House and Home

FIRPTA Foreign Investment in Real Property Tax Act

FIRPTA Foreign Investment in Real Property Tax Act The United States Federal Tax Law requires that a foreign citizen who sells real estate owned in this country pay taxes on the profit of such sale. To insure that the tax is paid, 15% of the proceeds at closing are withheld and transferred to the United […]

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Get a CLUE Insurance Report

Obtain an Insurance CLUE Report Have you heard the term, Get a Clue? If you are in the market for a home, it is a good idea. In this case a CLUE is an acronym for Comprehensive Loss Underwriting Exchange. Insurers use a CLUE report as one piece to evaluate the risk of a property. […]

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SW Florida Insurance

Anyone who watched the news in the last week has seen the devastating floods in South Carolina. The governor said on the news that this was a once in 1,000 year flood. Let that be a lesson to all of us in Florida. Flood insurance is a must. Many people who we help purchase a […]

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Flood Zone Changes

FEMA is in the process of producing new Flood Zone Maps. Homes that were once out of a risk area can now be included. However, according to the Sarasota County website, (scgov.net https://www.scgov.net/, 20-25 percent of all flood insurance claims come from low to moderate risk areas. It is highly recommended that no matter where […]

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Flood Hazard Zones

Many people misunderstand the coverage they have with their standard homeowner insurance policy and the need for additional flood insurance underwritten by the US government. FEMA was created by the Flood Protection Disaster Act of 1968 to regulate construction in coastal areas and flood plains. FEMA analyzed the flood prone areas of the nation and […]

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FEMA Flood Insurance Changes

Flood insurance rules changes for lenders (From an article in Florida Realtors online newsletter) WASHINGTON – Oct. 23, 2013 – A group of federal agencies joined together to create flood insurance policy rules. A rule proposed yesterday would implement some provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. If it becomes official after […]

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Email: sales@suncoasteam.com