Lagging economy hits Palm Beach as homes languish a little longer on market Palm Beach has enjoyed a hearty share of eye-popping home sales figures this year, including closings of $77.5 million and $95 million. And according to a fall 2008 residential market report from Brown Harris Stevens, those heavyweight figures have thrust the average …
Monthly Archives: November 2008
Real-estate investment firm fights to stay afloat [Pheonix Arizona]
Real-estate investment firm fights to stay afloat [Pheonix Arizona] Last week, Phoenix-based real-estate investment firm Right Place Properties spent investors’ money to purchase multifamily housing units, promising a healthy return on their cash. Then on Monday, the company and its designated broker, Red Door Commercial, shut down their Web sites, disconnected the phones, laid off …
Continue reading “Real-estate investment firm fights to stay afloat [Pheonix Arizona]”
Short Sale vs. Foreclosure
Short Sale vs. Foreclosure I am in default on 12 jointly-owned properties that I am trying to liquidate as part of a divorce. All of my properties are currently worth less than the mortgage balances, due to the tough real estate market. I am aware that I will likely be taxed for the amount of …
Test ahead for downtown condo market [South Florida]
Test ahead for downtown condo market [South Florida] The number of closings at downtown Miami condos has gone better than many expected, according to a new survey. But more condos will be entering the saturated market soon. Miami’s latest building boom is creating 22,000 condominium units in the city’s urban center, more than double the …
Continue reading “Test ahead for downtown condo market [South Florida]”
Sky-High Loses Altitude
Sky-High Loses Altitude In Gerhard Andlinger’s recently listed apartment at the Time Warner Center, high above Columbus Circle, one can sit on the Louis XVI daybed and look past the Chinese screens and the Louise Nevelson sculpture at a 14-foot-high wall of windows with priceless views of the city and its sagging real estate market. …
Scheme gives distressed properties to squatters
Scheme gives distressed properties to squatters Law enforcement investigators in San Diego and Riverside counties have uncovered a brazen real estate scheme in which individuals are claiming ownership of distressed homes by filing official-looking grant deeds with county recorder offices. The perpetrators then move people into the vacant homes, in some cases, by hiring a …
Continue reading “Scheme gives distressed properties to squatters”