News about properties and real estate
Millions spent on Longboat resort [South Florida] When Longboat Key Club General Manager Michael Welly addresses the resort’s condo owners at the group’s Aug. 17 annual meeting, he will likely focus on the slew of upgrades that have been made in the recent past. It is both a good story for him to tell and …
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Bringing down the house [South Florida] Briefly this summer, a mansion in the estates section raised the question of what the town might do to protect a house that, while well-designed, is not old enough to be landmarked. With no procedures in place for the Architectural Review Commission to deny demolition of the 1993 home, …
Facing foreclosure? Consider a ‘short’ sale It’s often the better option for an owner than foreclosure — but there are pitfalls, including tax liability. Selling “short” is an alternative to foreclosure that has been gaining popularity as more homeowners default on their mortgages. Susan M. Wachter, a professor of real estate, finance and city and …
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Housing’s ills imperil condo deals Horacio and Patsy Parra cashed out two retirement accounts last year to buy an Orlando condominium they couldn’t afford. At the time, they weren’t worried. The developer, Cay Clubs Resorts & Marinas, agreed to lease back the $307,000 unit for 15 percent of the sales price — enough cash to …
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Builder charged with stealing $700,000 [South Florida] An unlicensed Palm Coast contractor was accused Thursday of stealing more than $700,000 and the American dream from Russian and Ukrainian immigrants by selling houses he never finished — and in most cases never even started. Gregory S. Bleyl, 64, was charged with six counts of forgery and …
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Competition Among Top Firms Heats Up In Still Solid Sector For High-End Real Estate There’s a new piece of ammunition in one of luxury real estate’s fiercest battles: a $34,000 trailer in Goleta, Calif. The home is for sale through Sotheby’s International Realty, a brokerage better known for oceanfront estates and country manors. The company …