Home Buyers, Start Your Engines If you were thinking of buying a home, start looking. The latest data from the housing market shows that sellers, after months and years in denial, are finally giving in to reality and slashing prices. There is a distance still to go. There may even be a lot to go. …
Monthly Archives: May 2008
Even top commercial properties are suffering from market crisis [South Florida]
Even top commercial properties are suffering from market crisis [South Florida] Even top-tier properties are showing they’re vulnerable to turmoil in the residential real estate industry. The owners of prime properties in Aventura and the West Brickell area of Miami are the latest to feel the financial pain. Lehman Brothers Holdings is suing developer Shefaor/Tarragon …
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As mortgage noose tightened, these 3 slipped its grip [Philadelphia]
As mortgage noose tightened, these 3 slipped its grip [Philadelphia] When Janice Freeman bought her $65,000 fixer-upper in Overbrook six years ago, she was working two human-services jobs, including one with lots of overtime, and had tenants paying $1,000-a-month rent. She was proud that buying her first house after a lifetime of renting provided a …
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The vacation-home buyer [Central Florida]
The vacation-home buyer [Central Florida] If Daytona’s complicated real estate market could be reduced to a round of “Jeopardy!,” one answer recited by Alex Trebek might be this: the beach, Disney, deep discounts and a droopy dollar. And the question? What factors are Realtors counting on to start a recovery in the area’s vacation-home market? …
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Investment losses hard to swallow
Investment losses hard to swallow People such as Freddie Wright, Judith Baron and Nelia Raber say they thought their money was safe in the now-troubled Paso lender Freddie Wright has been living for years in San Luis Obispo in an old orange Ford van, a choice he makes to save money. In 2006, a longtime …
Almost homeless over $100
Almost homeless over $100 Can you lose your home over $100 in late fees? Most Southwest Florida residents are by now quite familiar with how lenders can take back a property through foreclosure. But under Florida law, it is not just banks that can foreclose — homeowners and condominium associations can take a home to …