News about properties and real estate
First-time homebuyers want to take advantage of tax credit in 2009 Q: My husband says we can get that first-time homebuyer tax credit, $8,000, for any house we buy this year, whether it’s new or old. I said I’d double-check. Is that for sure? — L. A: The tax break isn’t quite this year. You’d …
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Home Prices Rise in California Again California’s median price for an existing single-family house rose for the third straight month, a sign that the state’s battered real-estate market may be bottoming out. The median sales price increased to $267,570 in May for a California home, an increase of 4.2% from April, according to a report …
Homeowner-association dues are not optional Thousands of Americans who have generally kept up with their mortgages are still in danger of losing their homes because they made a fateful trade-off in this shaky economy — they let their homeowner-association dues slide. Many homeowners are learning to their surprise that condo and neighborhood associations that oversee …
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Condos squeeze deadbeat residents Rosa Mendoza’s upstairs neighbor quit making his condo association payments almost a year ago. He bought another home and let his unit slide into foreclosure. What irks Mendoza — no, infuriates her — is that, as the foreclosure process drags on, the neighbor continues using the Miami Beach condo as a …
Homeowners should be careful about how they hold title to properties The manner in which homeowners hold title to their properties has significant legal ramifications. Consequently, it’s not wise to leave this important decision to chance. Escrow agents will ask how you would prefer the title to read. But often the question isn’t posed until …
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FHA brings relief for some condos [Central Florida] The resort-style pool, spa and health club along with luxurious 10-foot floor-to-ceiling windows are no longer the key selling points for 101 Eola in Thornton Park. Today the best thing going for the 146-unit condominium tower is that it’s the only newly constructed building in downtown Orlando …
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