Dealmaker elevated flip to an art In the midst of the 2006 U.S. congressional campaign, Mark Brivik held a fundraiser at his multimillion-dollar home on Longboat Key for Republican candidate Vern Buchanan. It was a swank affair, say those who attended. Even the Israeli ambassador was there. The party spotlighted Brivik at the height of …
Monthly Archives: May 2008
Mortgage Crisis [South Florida]
Mortgage Crisis [South Florida] As more South Florida homeowners fall behind on their mortgage payments, many lenders are slow to embrace a less costly alternative to foreclosure: short sales. In a short sale, lenders allow owners facing foreclosure to sell their homes for less than the mortgage balance. The lender absorbs the shortfall, but limits …
Condo sales turn sour [South Florida]
Condo sales turn sour [South Florida] Market-distorting rebates and incentives helped move units at Vintage Grand, and banks are left with bad loans Martin Caparros was late to the party with his Vintage Grand condominium conversion project, but his sales team still managed to sell 238 units for a total of $43.4 million from January …
Buyers drive hard bargains in Puget Sound area real-estate market
Buyers drive hard bargains in Puget Sound area real-estate market With home sales soft, agents like Windermere’s Mark Corcoran say most sellers must make concessions to be competitive. Corcoran, whose main territory is North Seattle, recently represented the seller of a $700,000 home that quickly attracted two offers. Both were at least 10 percent below …
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Lure of a deal starts to bring buyers back
Lure of a deal starts to bring buyers back Savvy buyers enticed by falling prices, decent inventories and low interest rates are beginning to test the waters again, local real estate experts say Kathy Hilstein watched the housing market carefully last year, waiting for prices to fall. In November, she decided to buy an investment …
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Living large at Luxuria [South Florida]
Living large at Luxuria [South Florida] Would you like to live in Boca Raton on the ocean? If you have a friend who sells real estate, you can both be happy at Luxuria, a 24-unit condo that immodestly bills itself as the most “grandiose and extravagant residential building ever constructed in South Florida.” At a …