Bulk Condo Sales Clear Supply—at a Cost The financial clouds hovering over the Monteverde condominium development in Boynton Beach, Fla., were driven away in late spring when an investor bought 118 of the project’s 219 units in a “bulk sale,” a popular method of moving large numbers of condos in one transaction. But Dan Berwitz, …
Monthly Archives: July 2010
Rich have higher home default rates
Rich have higher home default rates The well-off are losing their master suites and saying goodbye to their wine cellars. The housing slump that began among the working class in remote subdivisions and progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it …
Delayed foreclosure adds to couple’s pain
Delayed foreclosure adds to couple’s pain Loraine and Kerry Swope likely would have lost their south Charlotte home to foreclosure last year had they not been trying to resolve issues with their lender and get a loan modification. They rejected an offer last summer from GMAC that would have reduced their monthly mortgage payment by …
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National homebuilders in Denver area plan for economic rebound by buying house lots
National homebuilders in Denver area plan for economic rebound by buying house lots Despite softening sales in the new-home market, national homebuilding companies in the Denver area are continuing to buy lots, significantly driving up prices from where they were a year ago. It’s part of their push to have communities to build in when …
Five Ways to Pay Your Student Loan Payments On Time
When you just completed your studies, and are just starting out in life, finances are often complicated. With an income that is still relatively low, and expenses popping up around every corner, it can be challenging to manage your cash flow… especially with all the college temptations. Partying. Drinking. Clubbing. Additionally, the lack of experience …
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Updated: Downtown Sarasota condo tower evacuated
Updated: Downtown Sarasota condo tower evacuated City officials went door to door in Dolphin Towers this morning, checking to make sure residents had evacuated the building deemed unsafe Wednesday. Just before the 11 a.m. evacuation deadline, the last residents carried what possessions they could out of the 15-story building. Some shed tears, but most are …
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