Home Closing Rules and Zombie Homes
b'With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
There\\u2019s change afoot in the housing market, with new and painful rules on house closings on the buyer\\u2019s side that require additional disclosures on last-minute changes, three days prior to closing\\u2026 and that\\u2019s expected to increase the headache associated with closing sales. The new rules have pros and cons, and additional paperwork could bog things down in a process that\\u2019s already pretty much last-minute and rushed.
Florida continues to lead the way in housing market eccentricities. The state now has the dubious distinction of having the most number of \\u201czombie\\u201d homes \\u2013 about 35,000 empty foreclosure homes! Finally, Americans are also getting creative on home purchases, with new and interesting partnerships amongst friends and family that make buying a home much more affordable.'