Jerry LaRose, ABR, GRI, e-PRO, CLHMS Orlando, Windermere FL. Real Estate

14730 MASTHEAD LANDING CIR, WINTER GARDEN County: Orange County Zip Code: 34787-4722 Status: List Price: $425,000.00 Sub Name: STONEYBROOK WEST UNIT 5 Low Price: Bedrooms: 4 Baths: 3 Sq Ft Heated: 2835 Year Built: 2004 Pool: Y Property: Single Family Home ADOM: 1 Total Acreage: Up to 10889 Sq. Ft. Water: Y Type/Name: Water Access Location: In County Virtual Tour: Great Price under $150 per sq.ft. Want it for Less? Make an Offer. Big House with a Heated Pool for a small price. You've waited long enough, Here's the deal! Wonderful Golf community of Stoneybrook West, features a 24 hour Guard Gated community. Beautiful patio extra large deck and heated pool is perfect for Entertaining! Stoneybrook West community offers Resort-Style Amenities - Guard Gated, Basketball & Tennis Courts, Lakefront Community & Fitness Center, Playground, Inline Skating Rink, Arthur Hills designed 18 hole Golf Course, Fishing, Boating, Skiiing on Beautiful 325 Acre Black Lake, Events for both children & adults & much more. Located with easy access to the major highways, Highly rated Schools, new mall, Winter Garden Village at Fowler Groves, Theme Parks and Disney.

About the author:

Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit http://www.jerrysellsorlando.com/ for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market.

Jerry LaRose, P.A., ABR, GRI, e-PRO, CLHMS, REALTOR® 407-580-7011

(Copyright © 2008 By Jerry LaRose, P.A. All Rights Reserved.)

The Fed expects banks to reduce the interest they charge their customers.

Q: Why did the Federal Reserve lower interest rates?

A: The federal funds rate is the interest that banks charge one another for overnight loans. When the Fed raises its target for that rate -- the rate itself is actually set each day by the open market -- it tends to slow the economy, because everyone's money costs more to borrow. When the Fed lowers its target rate, it has the opposite effect. So by cutting the cost of the money banks borrow from each other, the Fed expects the banks to reduce the interest they charge their customers, who in turn can spend or invest the savings, which should stimulate the economy.

Q: Will the rate cut lower the cost of a mortgage?

Readin', ritin' and rithmatic.

That just about covers the learning that someone needs to know (as long as you live in the "holler"). But homeowner associations have their own version of the Three Rs called Rules, Regulations and Resolutions. These are the policies and procedures that define the standards of the community. They must comply with state and federal law. For example, the board cannot enact a rule that violates Fair Housing Act.

Rarely if ever are the Three Rs clearly or fully defined in the governing documents. That is by design to allow flexibility and customization. Amending bylaws is tedious and difficult. The Three Rs can usually be modified as needed by the board. The board may use either rules and regulations or resolutions to accomplish this goal. So what's the difference?

Rules and Regulations are used to address rules of conduct. Appropriate topics include:

• Hours of operation
• Pets
• Parking
• Noise
• Restrictions (use of clubhouse, pool rules)
• Limitations on guest use.

When adopting new or revised rules, it's wise for the board to solicit owner input for a greater degree of compliance. Any proposed rule or regulation must comply with the governing documents. For example, if the governing documents state that guest parking may only be used by guests, a board rule cannot change that. That requires an amendment voted upon by the members.

Resolutions are the preferred method of establishing procedures for the homeowner association. Resolutions come in two types: policy and administrative.

Policy Resolutions define acceptable community standards. An example of a policy resolution: Many governing documents are unclear with regard to homeowner association versus owner maintenance responsibilities. Who repairs a water supply line after it enters an owner's unit? Who repairs damage from a flood originating in an upper unit? There are many variations on this theme that could be answered in a policy resolution that defines each item according to who is responsible.

This particular resolution directly impacts homeowner insurance and owner responsibilities. Other significant policy resolutions deal with money collection, architectural guidelines and enforcement procedures.

Administrative Resolutions define procedural guidelines, like how to run board and homeowner meetings.

Mechanics of a Resolution. The resolution should first cite the relevant provisions of the governing documents and any applicable state statute, especially those sections which give the homeowner association authority to establish policies. Following the authority section are the details of the resolution. It is highly recommended to circulate proposed resolutions to the membership for a minimum 30 day period for comment before the board votes on it. Once approved, it should be dated and signed by the board president and the secretary.

About amending the governing documents. The Three Rs can be enacted by the board but amending the governing documents must be approved by the members by the percentage indicated in the governing documents. Getting this vote is often difficult so amendments should not be undertaken lightly. However, if the documents are unwieldy or in violation of the law in some respect, amending may be prescribed. Always consult with an attorney knowledgeable in homeowner association law.

Just wanted everyone to know that last night my wife and I visited the new Village Tavern in Orlando at the Mall of Millenia. Well, The atmosphere, food and service are absolutely fabulous. I highly recommend it. It's a great new Orlando Restaurant and you must try it. Right at I-4 and Conroy. Valet parking is available. average dinner cost $15-$24. You must try the dessert sampler as a dessert. it's wonderful. Enjoy

Elections in Florida are this coming Tuesday the 29th of January 2008.

I have listed for you several sites that I believe are very informative and should help you answer any question you or others may have. I have also included a link which provides a campaign poster that you can copy and distribute.

Also, please don't forget, as registered voters in Orange and Seminole Counties, you can vote early or by absentee. Listed below are the links for the Orange and Seminole County Supervisor of Elections' office.


Orange County Supervisor of Elections: http://www.ocfelections.com/
Seminole County Supervisor of Elections: http://www.semcoelections.org/en-us

Frequently Asked Questions: http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/upload/reformfaqs112107.pdf
Campaign Poster: http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/upload/voteyeson1.pdf


For more information on Amendment 1: http://www.yeson1florida.com/