News about properties and real estate
Walking away from Florida mortgage doesn’t always clear debt You think banks are powerless to retaliate if you walk away from your Florida mortgage? Think again. Despite dozens of Web sites touting Florida as a prime “walk away” state — mail in the house keys and live debt free — foreclosed homeowners have learned that …
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Down-Payment Standards Eased Some mortgage insurers and lenders are beginning to relax their down-payment requirements, in a sign of increased confidence in the housing market. The changes, which are being done on a market-by-market basis, mean buyers in some parts of the country can now borrow 95% instead of 90% of a property’s value. Until …
Indicted: Fake Roman Catholic priest that took Trump Tower Tampa for $150,000 I’ve written several stories about Father Barney Canada, a convicted confidence man who took Florida developers for at least $1 million in loan application fees. One victim was Trump Tower Tampa, whose developer, SimDag Robel LLC, gave the “clergyman” $150,000 for a loan …
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2009 brutal for South Florida condo sales, but signs encouraging Miami’s skyline at dusk tells the story of the condo crisis in stark relief: Some of the luminous towers beam with life, others flicker half-full, and still others are completely dark, mired in legal disputes over past-due loans and stalled sales. South Florida’s condo market …
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Fifth Third works to turn around troubled Florida loans The more Mike Trombley heard about the Cay Club development in Clearwater, Fla., the more he liked the idea of investing in it. The sales pitch he got in late 2004 was the clincher: Buy now and get in on a luxury 5-star resort featuring renovated …
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Miami’s Fisher Island Enjoying an Uptick in Uber-Lux Condo Sales According to several local real estate professionals, the ultra-wealthy residential island community of Fisher Island is experiencing a strong increase in sales activity in the latter half of 2009, amidst a tough real estate economy for most. Fisher-Island-and-South-beach-Miami-Florida.jpg Phyllis Winick, on-island broker of Fisher Island …
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