News about properties and real estate
Foreclosure auctions not for faint of heart, wallet Lawyer Paul Ciminelli stands in the corner on the steps of the Monroe County Office Building on a rainy morning. Acting as a referee for the court, he calls out to prospective interested parties for 33 Henry St., with an opening bid of $21,953.76. No one is …
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SoMa condo bought with help of federal tax credit, loan and even dad [Northern California] When you’re spending more than three-quarters of a million dollars on a property, $8,000 worth of income tax credit may seem minuscule. But for Tony Jarjoura, who paid $756,500 for a two-bedroom, two-bath condo in SoMa Grand (median sale price: …
Florida judge tosses GMAC foreclosure GMAC Mortgage got slammed by a Florida judge this month — and that may be good news for some of the 1,234 New York homeowners hit with a foreclosure action by GMAC since the beginning of 2008. In that case, Judge Anthony Rondolino voided a GMAC foreclosure win after he …
Home Front: Condo renter beats bureaucracy to win battle to buy Happy endings are rare in the midst of a housing meltdown. But today Donna McCain at last sits in her own home near Sacramento, a condo she rented for five years and tried for 18 months to buy. “What a gift. What a gift,” …
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Prices falling for small apartment buildings | four, market, buildings [Southern California] Irwin “Tres” Trester spent more than a year looking for income property before buying a four-plex in Huntington Beach. “The advantage I was looking for was cash flow. … Going from a (rental) house to a multi-family seemed like the right way to …
Illegal renting results in revenue losses The atmosphere around Cocoa Beach Towers on a recent sunny day was like a vacation resort. The Monkees’ “I’m a Believer” was blaring from the condo complex next door, sunbathers relaxed on the Towers’ balconies overlooking the beach, families lounged by the pool. One could hardly tell that the …
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