News about properties and real estate
Jennifer Lopez is the latest victim of Florida’s foreclosure crisis. The condo in the Icon Brickell building she was shacking up in with her latest younger lover, Caspar Smart, has now been bought up out of foreclosure by someone else and Lopez will have to move out according to Gossip Extra. Don’t worry about J.Lo’s …
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Plans for a beachside RV park have riled up a bunch of condo owners at Boardwalk Beach Resort. “They caught everybody off guard,” condo owner John Bienkowski said Wednesday. “I think a lot of people felt blindsided by this.” A rezoning request by Resort Hospitality Enterprises placed on Monday’s agenda of the city Planning Board …
The common myth among refinancing homeowners is that the mortgage industry will count the rental income they are receiving from their homes. In fact, rental income will not count toward the borrower’s qualifying income, even though the homeowner is reporting it on his tax returns, unless the subject property is a legal and conforming multi-unit …
Continue reading “Rental income may not help refinancers qualify for mortgage”