The Jessie Ball duPont Fund announced it will invest $2 million in efforts to develop and preserve affordable rental housing for low-income individuals and families in Duval County. The investment, which will be made through loans to developers, is intended to increase the inventory of affordable rental housing and also to increase the ability of …
Monthly Archives: October 2011
Ask a real estate pro: How to write a short sale hardship letter
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner’s associations or any other residential real estate topic, click here. Q: I am trying to complete a short sale. My lender requested a hardship letter, but I don’t know …
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South Florida rents rise as international buyers continue to invest in local housing
By choice or by force, more and more people in South Florida’s foreclosure-ridden housing market are renting, rather than owning, their homes. In an ironic twist on economics, that dynamic is actually helping the resale market. According to sales reports released Thursday, South Florida is on track to set a new sales record this year. …
Ask a real estate pro: Short sale or bankruptcy? – South Florida Sun-Sentinel.com
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. Q: I am elderly and got involved with a rental property with the help of a family member. Now the family member is nowhere in sight, the tenant left and the mortgage is underwater. I don’t have the energy or …
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Council may study condo law that prevents owners from splitting joined units
In Palm Beach, property owners who own more than one adjacent condominium can combine them into a single home but, once done, they are prohibited by the town from splitting them back into the original number of units unless they can meet parking and density requirements. The law is consistent with the town comprehensive plan’s …
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Canadians Warm to Phoenix
Canadians are on a Sun Belt shopping spree. Phoenix and other warm-weather cities that have seen real-estate prices crater are newly popular among Canadians looking for second homes or investment properties, brokers and buyers say. They are lured by the weak U.S. dollar, historically low interest rates and rock-bottom property prices, dragged down by high …