News about properties and real estate
Neighbors Are Left With A Mess [Tampa Bay Area] Robert Ramirez awoke in the middle of the night to clanging metal and a rumbling moving truck in the back yard next door. Evicted neighbors loaded their belongings and fled the two-story stucco home. They left doors and windows open, and trash and debris strewn across …
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Lawsuit pits 2 Gumbergs against brother A feud splitting one of Pittsburgh’s best-known real estate families went public this week as Andrew and Lawrence Gumberg filed a lawsuit accusing their older brother Ira of misappropriating millions from joint holdings worth $500 million. The two younger Gumbergs claim Ira Gumberg and Braddock Hills-based J.J. Gumberg Co., …
Banks in Jeopardy Tens of millions of dollars in loans have gone bad at Southwest Florida banks during the real estate slump. Are those banks ready to handle them? Federal regulators are worried that some banks in Florida and across the nation may be ill-prepared to deal with their battered loan business. U.S. banks have …
Can Son Co-Own And Rent Florida Condo? Q: I’m planning on acquiring rental property and my son is looking for a primary residence, so I’m going to buy a condo or villa in Florida and rent it to him. To attain owner-occupancy status, I intend to put both our names on the mortgage as Tenants-in-Common. …
Chapter 13 standoff thwarts foreclosure on St. Petersburg house for years [Tampa Bay Area] With the economy tumbling, thousands of Floridians have filed bankruptcies in a last-ditch bid to keep their homes from foreclosure. Among them was 55-year-old Rose King. In the end, she was unable to save her home, but it certainly wasn’t for …
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HOA Lawyer In Risky Business Bob Tankel wants you to know that he’s not Snidely Whiplash. As an attorney for more than 500 homeowners associations, Tankel is foreclosing on people’s homes for unpaid association dues with surprising frequency. Although some are investors, others live in the homes and lose them because of a few hundred …