News about properties and real estate
Cape Coral’s real estate collapse attracts bargain hunters [Tampa Bay Area] As the minibus swings into the driveway, Janet Kenyon takes one look at the new three-bedroom, two-bath house and lets out a shriek. “Oh, my God. I hate yellow!” The house is indeed very yellow, but the hour is getting late and Kenyon and …
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More couples taking home-buying leap The National Association of Realtors says unmarried couples buying a home together are the second fastest growing segment of American home buyers. In 2007, unmarried couples accounted for 7 percent of all home buyers. Their average age was 32 years old, which makes them the youngest of all first-time home …
Houses sold for just $100! But banks’ deals short taxes Hundreds of houses in Greater Orlando are bought each week for just $100 apiece — even in upscale subdivisions such as Baldwin Park. But don’t run to the ATM just yet. There’s a catch. The bargain prices only benefit the banks foreclosing on the properties. …
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Arena developer angling for time [South Florida] The company behind the partially built arena in Lakewood Ranch has sought Chapter 11 bankruptcy protection in a move company officials say will buy them time to find financing and jump-start the stalled project. The filing Friday by DVA Arena led to cancellation of a foreclosure sale of …
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Local men charged in $83M bank fraud [South Florida] Three Sarasota men and one from Tampa are facing numerous federal charges that they bilked banks out of almost $83 million on several land sales in Manatee and Sarasota counties. A federal grand jury in Tampa has returned a 47-count indictment against Neil Mohamed Husani, 38; …
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Mortgage failures up as home prices fall As the economy worsened in June, the number of homeowners behind on their mortgages nearly doubled, contributing to prolonged pain for the South Florida housing market. Meanwhile, interest rates on home loans soared this week to their highest point in a year, meaning borrowers looking to buy a …
Continue reading “Mortgage failures up as home prices fall – 07/25/2008 – MiamiHerald.com”