Ownership dreams take a bitter turn Buyers sue over sales methods they say led to inflated prices and high foreclosure rates The white double-wide with blue shutters in Emerson Estates, sitting on nearly a quarter of an acre of land, seemed a quiet spot in the country. The three-bedroom, two-bath, 1,344-square-foot home also meant their …
Monthly Archives: April 2006
Shifting home market gives buyers an edge [South Florida]
Shifting home market gives buyers an edge [South Florida] As he looks for a home to buy, Juan Saiz is finding owners eager to negotiate. Take an owner of a 1,400-square-foot pool home just west of Coral Gables. The owner had already dropped the asking price by $62,000, asking $588,000 for his remodeled home. But …
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House ‘flippers’ work with no net
House ‘flippers’ work with no net Eddie King no longer has the moves that earned him a spot as a fullback for USC in the mid-1960s. But his ability to spot an opening and capitalize on it has earned him millions in another favorite Southern California sport — home flipping. Over the last 30 years, …
Jupiter mobile home park sold for $4.45 million [South Florida]
Jupiter mobile home park sold for $4.45 million [South Florida] The park sits on 2.5 acres of waterfront real estate A 52-year mobile home park on 2.5 waterfront acres has been sold for $4.45 million dollars, and the seller, whose family has owned the property since 1970, says it was sold as a mobile home …
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Millionaire fraud suspect can stay in Isleworth home
Millionaire fraud suspect can stay in Isleworth home A millionaire developer accused of securities fraud and grand theft can continue to live in his $7 million Isleworth mansion — at least for now. U.S. District Judge John Antoon II this week ordered that the home and several other assets of condominium developer Patrick B. Kirkland …
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Are some lenders steered by competitive pressures?
Are some lenders steered by competitive pressures? Perhaps, but even in a frenzied market, risky loans never make sense, local bankers say. Neil Mohamed Husani had no trouble getting bank loans. During a real estate boom in which Southwest Florida lenders were duking it out for deals, Husani and his partners have borrowed $74 million …
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