News about properties and real estate
Richard White: Remaining members are assessed for bad debt : Columns : Naples Daily News Q. When a unit is in foreclosure with no reasonable expectation of collecting monthly assessments or a special assessment, how is that unit’s shortage or a special assessment equitably charged to the remaining unit owners? For simplicity, suppose 10 units …
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Deciding To Rent Out Is Tough, But Spare Homes Pay Their Way Own a spare home? Many who do cash in by renting them out. Whether that’s personally worth it depends on circumstances, objectives, and changing wrinkles in the tax code. Physician Dorothy Dugger offered to rent out her home near Tampa, Fla., for the …
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PMI is not much help If homeowners have been dutifully paying mortgage insurance all these years, shouldn’t the mortgage industry be covered in case of disaster? Like now? Not so much, say industry professionals, who helped me sort out this strange conundrum. It’s strange because private mortgage insurance, or PMI, can be a large chunk …
WL occupancy suit’s fees turn to tenants Three Purdue University students who were part of a costly lawsuit over West Lafayette’s occupancy ordinance must now foot the bill for more than $52,000 in fines and legal costs. Jill Schuler, Kelly Underwood and Melissa Wood were among five women who lived in a rental home — …
Suffering St. Lucie County called a ‘disaster’ area With unoccupied homes and families in distress, a St. Lucie County leader wants to declare a state of emergency to release $17.5 million in reserve funds. The Baehrs — Derek, Kellyanne and their two young daughters — are five months behind on their mortgage payments. They sometimes …
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In Florida, Despair and Foreclosures Desperation has moved into this once-middle-class exurb of Fort Myers, where hammers used to pound. Its straight-ahead stare was hidden amid the chatter of 221 families waiting for free bread at Faith Lutheran Church on a recent Friday morning; and it appeared a block away a few days earlier, as …
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