Harold Allen thought he’d live in his single-wide mobile home forever. He added so many flourishes — marble floors, multi-colored driveway, a new deck, an elaborate outdoor waterfall — he’d poured $150,000 into it by the time he was finished. Now Broward County wants to tear it down. Allen and his neighbors at Ocean Waterway …
Monthly Archives: February 2011
Figuring tax deductions on rental property
Q. I have two questions in regards to rental properties. On June 30, 2010, I moved out of my primary residence that I owned and rented it out July 1, 2010. First question is, how do I determine the value of the home to calculate the depreciation? I purchased the property in 2007 for $192,000 …
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Housing: Is It Time to Buy?
Is housing headed for a dreaded double-dip? Or are signs finally pointing to a long-awaited rally? Despite the glum statistics recently, well-heeled buyers in many markets should feel comfortable betting on the latter. Home prices nationwide in December were down more than 31% from their 2006 peak, according to the latest Standard & Poor’s/Case-Shiller index, …
Brazilian buyers put the luxe in real estate
Fabiana Pimenta, a real estate agent for Fortune International, is sitting on a white leather sofa in the model apartment at Jade Ocean with the expansive ocean views and the Fendi décor, waiting to begin a tour of the Sunny Isles Beach building. Pimenta, a Brazilian who moved to Florida to attend college, is entitled …
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Foreclosure mediators: Banks pushed us to fail
Florida’s Supreme Court sought a foreclosure lifeline in forcing banks and borrowers to mediation. It was hoped a judicial referee could help unclog court dockets and free struggling borrowers. But in documents obtained by The Palm Beach Post and described in a recent court order, mediators complain lenders and their attorneys are stifling the system …
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In Florida, It’s A Great Time For Canadian Homebuyers : NPR
In especially troubled housing markets such as Florida, foreclosures are down, four years into the housing crash. But that’s thought to be just temporary. Sales are up in Florida, but in some areas more than half of those sales involve foreclosures. There’s one group of homebuyers, however, for whom market conditions couldn’t be better: Canadians. …
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