Condo groups in financial pain The continuing foreclosure flood is creating severe financial problems for condominium associations across Florida, and members are complaining that banks and mortgage companies are doing nothing to help.
Monthly Archives: January 2010
Faded Grenelefe Resort For Sale Again
Faded Grenelefe Resort For Sale Again [Central Florida] A relatively small amount of green may purchase a lot of Grenelefe. The Grenelefe Golf and Tennis Resort, a once premier Florida facility that fell on hard times during the 1990s, is up for sale again. Marcus & Millichap Real Estate Investment Services of Encino, Calif., listed …
Disney World-area Reunion Resort struggles with unoccupied properties amid mortgage meltdown
Disney World-area Reunion Resort struggles with unoccupied properties amid mortgage meltdown [Central Florida] In 2001, The Ginn Cos. broke ground on what was billed as Central Florida’s grandest vacation and golf resort: Reunion, with three signature golf courses, million-dollar mansions, half-million-dollar condos, a water park, a luxury condo hotel and more, all set in 2,300 …
Real Estate in Cape Coral, Fla., Is Far From a Recovery
Real Estate in Cape Coral, Fla., Is Far From a Recovery Fellow adventurers, refugees from winter and armchair archaeologists, we are here on this shiny green tour bus to embark on a safari of sorts. We’ll be exploring the local habitat, as upended and reconfigured by an epochal real estate fiasco. Our guide, Marc Joseph, …
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Florida Supreme Court orders mediators to be first step in foreclosure cases
Florida Supreme Court orders mediators to be first step in foreclosure cases Florida’s troubled homeowners and their lenders will increasingly meet at the bargaining table under a state supreme court order issued today that aims to reduce a foreclosure overload. The administrative order written by Chief Judge Peggy Quince creates a statewide program that requires …
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Half-built homes can be bargains – but with strings attached
Half-built homes can be bargains – but with strings attached First came foreclosure sales, then short sales. Now Central Florida is seeing more half-finished homes for sale: bare-stud, bare-yard houses abandoned by their builders and left to languish on the market. Purchasing a partially built home is nothing new; during the housing boom, many new-home …
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