News about properties and real estate
The market for homeowners looking to sell Melissa Morris put her Haight-Ashbury flat on the market in mid-September. It was priced right and she accepted an offer of $825,000 within days. The contractor’s inspection was set for Sept. 29 and as the buyer toured the home, the stock market was in the midst of its …
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Cap may make it harder to obtain mortgage The cap on single-family home loans in San Diego County that can be purchased by government-sponsored Fannie Mae and Freddie Mac will be reduced in January from $697,500 to $546,250. In a move that’s expected to make it harder for some consumers to get mortgages, the Federal …
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Wall Streetwalkers: The Sleazy Lehman Brothers Subsidiary Lehman Brothers CEO Dick Fuld told Congress on October 6 that the Wall Street investment bank was destroyed by a “financial tsunami”—a natural disaster, an act of God. In other words, it wasn’t his fault. But the truth is that Lehman’s fall in the subprime-mortgage crisis was a …
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Who backed out of St. Joe’s $130-million deal? Wake up and good morning. I know, we’ve all got the buzz of the presidential election on our fuzzy minds this morning. Congratulations on a hard-fought, historical event. We’ll be sorting this one out for months if not years. But for now, I want to go instead …
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Policy forbids renting condo until all fees are paid We now have a policy in effect forbidding an owner from renting their condominium unit until the arrears are paid in full. If a delinquent owner sneaks in a renter, how can they be denied occupancy? Can we deny the renter access to the pool area …
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Condo Project Beats The Odds, Builds Hope From a penthouse balcony on the 29th floor of the best building he ever built, Richard Sacchi stared out over downtown Tampa. He was broken, a developer whose company had just filed for Chapter 11 bankruptcy. It was a last-ditch effort to stop foreclosure on The Towers of …
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