News about properties and real estate
Ultimate Homes selects top local luxury properties [South Florida] Beautiful homes are a common sight in Southwest Florida. But according to a recent national publication, Collier County is home to more than a dozen of the most luxurious homes available in the United States. Ultimate Homes, a publication of magazine Unique Homes, placed 13 of …
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Capital Partners bids for REIT [Central Florida] Orlando-based Capital Partners Inc., a fast-growing real estate investment company, has made a $4.4 billion cash offer for Highwoods Properties Co., a North Carolina company with extensive property holdings locally and throughout the Southeastern U.S. Capital Partners confirmed Wednesday it is offering $36 a share for Highwoods, a …
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Try-Mor residents in limbo [South Florida] For almost a year, Carol Kuebler has lived with the uncertainty that has become all too familiar for those living in mobile home parks throughout Florida. It’s the unsettling question, “Who’s going to own our park tomorrow?” But for Kuebler, that uncertainty now carries a sense of urgency.
Gifting real estate may escape taxation DEAR BOB: My son and his wife live in a free-and-clear house I own. He pays utilities and maintains the property. He proposes I add both their names to the title so that in 24 months we can sell the property and he would then purchase in his name …
Foreclosure filings on Florida homes leap Florida foreclosure filings jumped by 6 percent from April to May, according to a study by RealtyTrac Inc., an online data concern. That’s one new filing for every 821 Florida households. By contrast, national foreclosure filings rose by less than 2 percent, averaging about one new filing for every …
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Lending a Hand: Many benefits of interest-only mortgages There has been way too much negative press over mortgages that have the option to pay just the interest each month. In the first place, the very term “interest-only” is a misnomer. The implication is that such borrowers can only pay the interest that is due each …