Financial advisers answer your questions Question: I currently have 3 properties all with separate mortgages but with the same lender. If I was unable to continue paying on all 3 and decided to give the deed on one of the properties back to the lender, but continued to remain current on payments on the other …
Author Archives: Administrator
FHA borrowers are soon
FHA borrowers are soon Dear Mr. Myers: We started looking for a house to buy in August, and a mortgage broker preapproved us for an FHA loan. We haven’t found a home that we like yet, but the broker called us last week to say that FHA loan costs are going to rise. Is this …
Couple may face prison time in Southwest Florida real estate scam
Couple may face prison time in Southwest Florida real estate scam A decade ago in New York, where Wall Street held the promise of riches, Ronald Luczak started selling securities. He ended up in jail instead. He was one of 13 defendants in a stock-trading scam, pleading guilty to a federal fraud charge and receiving …
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Joe Adams: New laws tackle flags, receiverships, liens
Joe Adams: New laws tackle flags, receiverships, liens Today’s column is the 12th installment of our annual review of legislation affecting community associations. We shift gears today and discuss some new laws aimed specifically at homeowners’ associations: • Flags: Section 720.304(2) of Florida’s statute applicable to homeowners’ associations has been amended effective July 1, 2008, …
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Condo-Minimum
Condo-Minimum With the condo glut growing as new towers are finished, and buyers walk away from presale contracts, developers increasingly are resorting to auctions to unload units at steep discounts. Unlike ubiquitous foreclosed-home auctions, these events seek to establish market prices for untainted, often upscale properties. In an aggressive test of the strategy, 39 luxury …
Associations look to cash advance for help
Associations look to cash advance for help – Forbes.com/a> Two years ago, Captiva Lakes Villas in suburban Miami was struggling to pay its water and garbage collection bills, and its condo association was mired in a $60,000 budget shortfall. Like other homeowner associations around the country, Captiva Lakes Villas saw many members, some with unmanageable …
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