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Florida leads the nation in mortgage fraud – a dubious distinction the state has held for the past five years, according to a new report from LexisNexis Risk Solutions . The Alpharetta, Ga.-based data and analytics firm said Florida’s mortgage fraud rate "is more than five times the expected rate.
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Can you Buy Condo’s in Florida to Rent Out? Hey Guys, I am considering buying a condo in the Naples area of Florida but was curious if I would be able to start renting it out right away or if most of these condo complexes impose limits/rules on renting?
The buyers purchased a residence for $195,000 they made a down payment of $25,000 and agreed to assume the seller’s existing mortgage, which had a current balance of $123,000. The buyers financed the remaining $47,000 of the purchase price by executing a mortgage note to the seller.