News about properties and real estate
Angry retiree says Marco Island deals ruined him [South Florida] One night in 30 years working at a car shop in a rough-and-tumble section of Queens, N.Y., is seared in Lothar Schaarschmidt’s memory. Thugs slipped into the garage just after closing. One held a knife to Schaarschmidt’s throat, while another pointed a gun at his …
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Foreclosure may sock Hollywood in its wallet [South Florida] Project’s collapse could cost public $1.6 million Two cornerstone buildings in a project aimed at turning Young Circle into a center of art and culture have gone into foreclosure, leaving taxpayers on the hook for at least $1.6 million in mortgages. The Young Circle Garage, bought …
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Drawing down equity on home frees assets, carries downside risk Before getting a reverse mortgage, Jo Ann Miller and her husband, Carl, were living modestly on Social Security and carefully watching their spending. They had no pensions to fall back on and weren’t able to save much while they were working. But they had equity …
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Trailer-Park Sales Leave Residents With Single-Wides and Few Options [Long Island] In the middle of Long Island’s Gold Coast, where home prices easily reach $1 million, sits the Syosset Mobile Home Park, where a trailer can be had for under $50,000 and the monthly fee for taxes, water and sewage runs about $500. The children …
Builder left homes undone; CEO faces arrest [South Florida] Alisha Buckingham just wanted a two-story home. At the time, only two home builders in the city offered models with that specification. Contracting with Avalon Homes, she and dozens of other families learned, was a costly decision. Avalon collapsed last fall, leaving 50 homes unfinished and …
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Builder’s sales on track despite cancellations [Central Florida] Steve O’Dowd, 53, president of Engineered Homes of Orlando Inc., an employee-owned production home-building company based in Winter Park. O’Dowd spoke with staff writer Jerry W. Jackson. Question: Late last year, you were fairly confident about local home building for 2007. Has the extent of the slowdown …
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