News about properties and real estate
Your property management company may be making money off your condo association’s insurance policy. Some say that’s a conflict of interest because management companies also help associations pick their insurance. "Referrals should be based on good service only and not financial incentives," wrote Jerri Franz, a spokeswoman for the Department of Financial Services. On Monday, …
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The yard work and upkeep Joan and Bob Ebaugh used to enjoy at their Palm Bay home started to become chores they couldn’t keep up with. Hiring people to take care of the lawn was becoming a financial burden, and Bob Ebaugh’s bad knee made household jobs even more difficult. But trying to sell the …
A Cape Coral couple charged with swindling banks by falsely obtaining mortgages pleaded guilty Wednesday. Maria Arantegui-Vasconez, 36, and Alfredo Arantegui, 40, each entered guilty pleas to one count of scheming to defraud a financial institution in exchange for sentences of five years probation. Arantegui-Vasconez also was sentenced to two years of prison, suspended, meaning …
Early this year, as Jorge Perez struggled to restructure more than $1.5 billion of debt on mostly vacant Florida condominium projects, doctors discovered a golf ball-sized tumor on his pancreas. “You understand how vulnerable you are,” Perez, 61, said while sitting in his Miami waterfront office, with a view of the skyline shaped by Related …
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When Efrain Hernandez couldn’t seal a deal before the first-time homebuyer tax credit expired earlier this year, he lost faith he would ever own a house in a market where investors and all-cash buyers are snapping up bargains and mortgages seem hard to come by. But waiting — even though it wasn’t by choice — …
Iowa farmland rose in value by 13 percent in the year ending Oct. 1, stimulated by rising corn and soybean prices, according to a survey of bankers by the Federal Reserve Bank of Chicago. Iowa farm values rose by 6 percent in the period from July to October, as corn prices shot up from $3.50 …
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