News about properties and real estate
Detroit real estate: A bargain home or a money pit? Detroit’s four-figure home prices are unusual, but investors around the country think foreclosed houses are too cheap to pass up. How to tell a great deal from a money pit. For a foreclosure, the house at 15461 Kentfield St. in Detroit needed surprisingly little work. …
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Tips for Buying a Condo at a Bargain These days it’s not easy owning a condo, or any house located in a community that requires homeowners to pay fees. As more owners in these communities feel financially pinched, many aren’t paying dues. That means residents who keep up with the bills have to pay a …
Consumer Advocate: Look before you leap into a reverse mortgage The reverse mortgage – available to homeowners 62 and older – has met criticism lately from federal regulators and consumer advocates who say aggressive sales tactics are pushing the loans on consumers who don’t fully understand the consequences. The National Reverse Mortgage Lenders Association has …
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First-time homebuyers: For many, $8,000 tax credit proves nearly impossible to get This summer, Brian Smith decided he should buy a house. The 35-year-old was in the break room at his Maitland office talking to a friend about the idea, and the timing seemed perfect. Prices were at record lows; “for sale” signs were common, …
Fraud case tied to escrow checks Mark Brady seemed to have it all during the real estate boom — two title companies, BMWs, a Hummer, powerboats, a $2 million home on Merritt Island, an oceanside condominium in Cape Canaveral and three other riverfront properties. Then, two days before Christmas, Brady was arrested — charged with …
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There’s a new player in South Florida’s condo market Starwood Capital Group will wield new influence over South Florida’s condo market after it won an auction bid for the Corus Bank condo portfolio from the FDIC. South Florida’s battered condo market just got a major new player. Starwood Capital Group’s deal to acquire a big …
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