News about properties and real estate
Foreclosure pain spreading in Lower Hudson Valley [New York] A home foreclosure would rank on anyone’s list of most traumatic financial experiences, right up there with a job loss, sky-high medical bills or an IRS notice for back taxes. The pain of losing a home is hitting hundreds of people in the Lower Hudson Valley, …
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Be careful with reverse mortgages South Florida is one of the hottest markets in the nation for reverse mortgages. And yet, these types of loans — which allow people age 62 and older to get payouts on the equity in their homes — are more expensive in South Florida than many areas of the nation. …
Florida is ‘ground zero’ in drama Foreclosures in Manatee, Sarasota and Charlotte counties have doubled in the last year, and some experts think they will likely double again before the region and nation sort out the current mortgage morass. The rate of foreclosure in Florida was double the national average in February, according to data …
Homeowner dream turned nightmare [Virginia] They are a fairly typical Loudoun family. He is a 35-year-old engineer for a technology company in Fairfax, pulling in $80,000 a year. His wife teaches yoga. College-educated, they have two daughters: a 5-year-old and a newborn. In August 2005, the housing market in Northern Virginia is piping hot. The …
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S. Florida apartment market remains tight South Florida apartment rental rate hikes may be slowing, though the market remains tighter than much of the country, according to a new report. The vacancy rates for South Florida apartments remain much lower than the national average, but there are signs monthly rent increases are starting to ease, …
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2nd developer sues Hackensack lender [North Jersey] A Florida developer has accused Hackensack’s Kennedy Funding Inc. of failing to repay $525,000 from an unsuccessful loan application. A lawsuit filed by Royale Luau Resort LLC of Destin, Fla., in U.S. District Court in Newark claims the company made the payment to Kennedy Funding as part of …
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