News about properties and real estate
As ‘subprime’ rates shoot up, owners despair [Central Florida] Twanda Thompson doesn’t want to lose her home. But unless she can solve her mortgage woes, she and her four children may have to start looking for an apartment. Like many would-be homeowners with below-average or poor credit, the Orlando woman took out a “subprime” mortgage …
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Holdouts from condo sales fear bill Some Florida condo owners are fearful of legislation that they say could make it easier for developers to force them to sell their properties. Right now, many condo projects are safe from a hostile purchase by developers because of contracts that say all owners within the project must agree …
Real estate developer’s three-year plan starts bearing fruit When a Florida-based real estate company doggedly pursues a small Farmington Hills-based REIT with three all-cash offers over a month, it’s difficult to find a word other than “flattering.” After all, the final offer for Agree Realty Corp. [NYSE:ADC] topped out at $395.64 million, a 19 percent …
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Apache Shores couple losing ground – literally No one could have prepared Brian McKinley for what the strangers told him that day. Three people came to his home in Apache Shores to announce they had purchased one of the lots beneath his mobile home for unpaid back taxes. McKinley was stunned. His wife, Teresa, was …
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Sarasota-Bradenton sales buck national and statewide trends [South Florida] Sarasota-Bradenton was a bright spot in an otherwise dismal national and state real estate market during March. While national sales of single-family homes fell 13 percent and statewide sales dropped by an even larger 28 percent, Sarasota-Bradenton saw a 16 percent increase last month compared with …
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Owner said to be courting return to home sweet home In any light, it’s a Palm Beach beauty: a John Volk-designed ocean-to-lake estate, owned by a string of millionaires and boasting 300 feet of beachfront. But its current owner — who spent millions on renovation — hasn’t set foot inside 1930 S. Ocean Blvd. for …
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