Lead damages lawsuit settled Paul W. Nochumowitz, who has been one of Baltimore’s biggest ground rent owners, has agreed to a $1.53 million settlement of a lawsuit that accused him of living lavishly from ground-rent income while claiming he was too poor to compensate former tenants harmed by exposure to lead paint. The settlement ends …
Author Archives: Administrator
Real Estate Investors May Resort to Prayer
Real Estate Investors May Resort to Prayer As the president of Silverstein Properties, Larry Silverstein, recently remarked on my television show: “The capital markets’ dislocation in real estate is the worst I have seen in my 55 years in real estate.” The dislocation of those markets has had a critical effect on the sales of …
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Adjusting to a softer real estate market
Adjusting to a softer real estate market A big reason that Fiona Saulness has saved as much as she has for retirement is real estate. Not only has the 52-year-old made a good living as a realtor, her investments in her Arizona house (which she owns free and clear) and a Seattle condo (which she …
McCrary case cautions athletes
McCrary case cautions athletes Michael McCrary had known Edward Giannasca for half a decade, and, until the former Baltimore Raven realized that he’d been cheated out of millions, he thought of the longtime developer as a stand-up guy. McCrary trusted Giannasca so much that, with few questions asked, he handed him a $3million check three …
Real estate: Just the right price
Real estate: Just the right price If you’re getting ready to sell your home and thinking of asking a little more than $200,000, you might want to think again. “I would definitely drop it to $199,999,” said Bree Fary, an agent for Keller Williams Realty of Brevard in Melbourne. If there’s a bright spot in …
Is Save Our Homes Portability Selling Houses? [Tampa Bay Area]
Is Save Our Homes Portability Selling Houses? [Tampa Bay Area] Raymond McIntyre’s office generated an interesting set of numbers this week: 222 people have moved to Highlands County, and brought their Save Our Homes tax exemptions with them. Just 75 homeowners left the county, and applied to transfer their Save Our Homes elsewhere in Florida. …
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