News about properties and real estate
A Venice builder’s problems … and their ripples Florida Community Bank, the bank that had $21 million in loans to Venice home builder Jacques Cloutier, was closed by state and federal regulators on Friday. The Immokalee-based bank was taken over by Miami’s Premier American Bank, which is assuming all its $795.5 million in deposits. The …
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Skiers Buy Vacation Homes as Prices Melt OVER the holiday season all was snowy and bright at ski areas across the country, with a festive jingle in the air. It wasn’t sleigh bells — it was the sound of money. Vacation-home seekers who saw recessionary opportunities were looking to buy. Many were ready to pay …
Home-loan aid altered Facing mounting criticism about the effectiveness of the government’s foreclosure prevention efforts, the Obama administration announced Thursday that it will tighten the documentation requirements for borrowers applying for its marquee mortgage relief program. Starting June 1, borrowers must prove they qualify for the mortgage help upfront, providing two pay stubs and other …
Despite names, condos operate the same We have never lived in association type housing, but recently moved into a large complex of condominiums and detached homes. We have been told that our association is a POA but we can find no reference to POAs in the Florida statutes, only to HOA (homeowners associations). What is …
Foreclosed homes leave remaining owners to pick up the tab [Central Florida] Tom Beard knew that he would be paying homeowners association dues when his family moved into a new Tivoli Village town house in east Orlando. But he never thought he would be footing the dues owed on dozens of empty homes, most in …
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Boca Raton 34-year-old charged with mortgage scam has to give up Rolls Royce, Ferrari and more A U.S. Secret Service investigation into an alleged mortgage scam run by a 34-year-old Boca Raton man has led to his arrest and seizure of assets including a Rolls Royce Phantom, Lamborghini, Ferrari and 42-foot Fountain racing boat. Jason …