News about properties and real estate
Tenants: Be aware of landlords facing foreclosure While South Florida’s falling housing prices may favor renting rather than buying right now, the recent real estate bubble is also creating new risks for tenants. Plenty of homes and condos are available for lease because their owners can’t sell them, giving renters a variety of options. The …
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Foreigners get `upper hand’ in Fla. housing market [South Florida] From atop any gleaming, half-sold condo project, South Florida’s housing market looks bleak. Viewed from abroad, it looks brighter. Just like everyone else, foreigners turned away from Florida’s housing market as the downturn took hold. Now, international shoppers from Europe and Latin America to Canada …
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State Joins Inquiry of Unusual Loans [Tampa Bay Area] Hundreds of peculiar home sales and foreclosures clustered in low-income neighborhoods in south St. Petersburg have attracted the attention of the Florida Department of Law Enforcement. The deals involved unusual mortgages uncovered last summer in a Tampa Tribune investigative report. The sales are tied to a …
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”Angels’ help woman escape foreclosure [Connecticut] Maria Leon can’t stop smiling because, as she puts it, she got a second chance at a new life. Her smile is a big change from January and an even bigger one from Thursday night, when it appeared all Leon’s options had been exhausted and the court would finally …
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Kuhn’s Woes Threaten Revitalization Plans [Central Florida] Cameron Kuhn, who has emerged in recent years as a major developer in downtown Orlando and Jacksonville, Fla., is under siege on numerous fronts, raising questions about the revitalizations of these two city centers. Late last year, Mr. Kuhn defaulted on about $31 million in loans on land …
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What will $200,000 or less buy in Lee County? [South Florida] A conversation about single-family homes in Lee County with a pricetag under $200,000 would have been brief, two or three years ago. Simply put, the pickings were slim as speculation and surging demand sent the real estate market skyward. But oh what a difference …
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