News about properties and real estate
Frisco soldier who lost house to foreclosure over homeowners dues gets it back The Frisco soldier and his family who lost their home to foreclosure while he was serving in Iraq will get the house back. Army National Guard Capt. Michael Clauer and his wife, May, lost their $315,000 southwest Frisco home in May 2008 …
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Second homes: All the joys of Florida in one spot Florida is a huge second-home destination. It seems to have something for everyone: secluded beaches and urban buzz, golf communities and marinas, high-rises and bungalows at prices from ultra-luxury to shockingly affordable. It’s also diverse. The mansions of Palm Beach are far removed from the …
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With prices down Marion County investors buy properties cheap and then resell them quickly for a tidy profit [North Florida] The problems with the local real estate market are well documented: Property values are plummeting, foreclosures are skyrocketing and many homeowners are upside down on their mortgages, meaning they owe more than the property is …
Lots to buy for Tampa parking kings after real estate bust [Central Florida] In the wake of the real estate collapse, the most marketable use these days for some land in downtown Tampa may be – parking. Two brothers who became the kings of downtown Tampa parking are becoming downtown land barons as well, snapping …
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Keep your home-equity line of credit from freezing Realty Q&A Question: I have a shrunken home-equity line of credit with a big bank on the property in which I reside. What is the best strategy, if any, to minimize the possibility that the HELOC will be frozen or closed? Currently, I have the line tapped …
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Limits on pursuing delinquent condo owners Q. Are there any restrictions on a management company or board on performing ongoing collection activity on a delinquent unit owner’s account? If the unit owner is in bankruptcy, does this have any affect on collection activity? A. While a board of directors must be diligent in pursing delinquent …
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