News about properties and real estate
Condo bulk buyers enliven market [South Florida] As the year starts winding down, real-estate investors have begun closing on large blocks of South Florida condominium units — known as “bulk deals” — at a quickening pace. The burst of new activity indicates investors — mostly seasoned real-estate professionals from other markets and abroad — perceive …
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The Real Estate Wonk: Careful whom you call for mortgage help If someone offers to help modify your mortgage for the low-low upfront fee of $3,500, run for the hills. That was the state of Maryland’s advice Tuesday as it issued cease-and-desist orders to five loan-modification companies, firms it alleges took that sort of money …
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Go Ahead and Yell. He’s Everyone’s Punching Bag. Norman J. Radow brings out the worst in some people. They scream at him. They sue him. He has even been punched in the face. What has he done to deserve this? In a word: workouts. As founder of Radco Development Solutions, Mr. Radow is on the …
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View of home as investment needs to change, expert says [Southern California] Kajal and Vishal Dharod paid $559,000 in 2006 for a new four-bedroom house built in Rancho Cucamonga, Calif. Today, it’s worth about $360,000. “We don’t know how we can come back from a loss like that,” said Kajal Dharod, 29, a first-time homeowner …
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A Toxic Drywall Antidote The company that used chlorine dioxide gas to eradicate anthrax from government buildings and mold from hospitals and houses in New Orleans said it can solve the problem of corrosive and stinky Chinese drywall without physically removing it. Sabre Technical Services said it has successfully neutralized the troublesome reduced sulfur gases …
Chinese drywall: Florida hasn’t committed to using federal money for repairs [South Florida] The Louisiana Legislature passed a law that allows the state to use $5 million in federal grants to repair homes with tainted Chinese drywall. So far, Florida lawmakers have failed to follow suit. “If Louisiana can do it, why can’t we?” asked …