News about properties and real estate
By wielding its ownership of 54 square miles of land, Lakewood Ranch developer Schroeder-Manatee Ranch has coaxed one project after another to its master-planned community, removed from the urban cores of Sarasota and Manatee counties. In its latest potential coup, SMR is offering up discounted land for a proposed $14.4 million complex to house the …
Continue reading “In Lakewood Ranch, land brings growing influence | HeraldTribune.com”
Take, for instance, last year’s second- biggest foreclosure. There were no headlines when General Electric Credit Corp. took title to Serenoa Golf Club over a $4.3 million debt. While other courses have had financial difficulties and some, like those at Forest Lakes, have been well publicized, Serenoa is the only golf course in Sarasota County …
Attorney General Pam Bondi wisely intends to continue the work started by her predecessor to investigate foreclosure malpractice in Florida. Banks, loan servicers and their law firms like to complain that the reason for all the faulty paperwork in foreclosure cases is due to the high volume of cases. In fact, corners often were purposely …
The battle for control of the Palm Beach Mall has spilled into the courthouse. Ever since Simon Property Group let the aging center slip into foreclosure, big-money interests have vied to take control of the 90-acre property along Palm Beach Lakes Boulevard in West Palm Beach. Doing so has been tricky because the mall property …
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Selling a condominium in this troubled market hardly needed to get any more difficult. But that’s exactly what could happen to scores of Tampa Bay area condo owners looking to sell or refinance with Federal Housing Administration mortgages. The FHA — which insures mortgage loans, among other things — has new eligibility rules that condo …
Continue reading “Condo owners facing another hurdle with new FHA rules”
After a brief respite, the foreclosure storm is again raining down on Volusia and Flagler counties. December saw an enormous increase in foreclosure activity compared with the previous month, and both counties rank in the top five in foreclosure rates in Florida. Monthly activity — default notices, auctions and repossessions — increased almost 240 percent …