News about properties and real estate
Brokers on the fringe: Ex-convicts find niche Gary Kafka, former body builder with a long rap sheet and violent past, wrote millions of dollars in mortgages in South Florida without ever applying for a state license. Fresh out of prison after serving time for bank fraud, he never went through a criminal background check before …
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Developer of stalled hockey arena is out of time [South Florida] Yet the multimillionaire and former president of the AFLAC insurance company is probably best-known here for one of the most visible development flops in the region: the unfinished hockey arena in Lakewood Ranch. Now, as a July 28 foreclosure sale of the land approaches, …
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Novato the mortage meltdown epicenter of Marin [Northern California] Kids romping on lawns and workers trimming hedges belie the gloom that hovers over the sprawling Parkhaven complex bordering Miwok Park in northwestern Novato. “For sale” signs are plastered in some windows as 10 residences in the 104-unit development are on the market as foreclosures or …
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Glut in housing, lack of tenants mean better deals It’s a good time to look for an apartment. Lee County landlords have begun slashing rents and using other incentives to boost sagging occupancy rates brought on by a limp economy. “It’s a smorgasbord of concessions,” said David Malt, broker for Malt Realty, a Fort Myers-based …
Foreclosure defense buys homeowners time Homeowners facing foreclosure are hiring lawyers to defend them in court against their lenders, during which time they can stay in their homes without paying a cent. As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back — and they’re living …
Investors Hunt For Bank-Owned Property Bargains In Packs One man’s castle is another’s commodity. Investors, alone and in groups, are negotiating volume deals to buy bank-owned homes and defaulted first mortgages at deep discounts. It’s a new twist in an upside-down real estate market. Forget negotiating with a bank for one repossessed house — too …
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