News about properties and real estate
As mortgage noose tightened, these 3 slipped its grip [Philadelphia] When Janice Freeman bought her $65,000 fixer-upper in Overbrook six years ago, she was working two human-services jobs, including one with lots of overtime, and had tenants paying $1,000-a-month rent. She was proud that buying her first house after a lifetime of renting provided a …
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The vacation-home buyer [Central Florida] If Daytona’s complicated real estate market could be reduced to a round of “Jeopardy!,” one answer recited by Alex Trebek might be this: the beach, Disney, deep discounts and a droopy dollar. And the question? What factors are Realtors counting on to start a recovery in the area’s vacation-home market? …
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Investment losses hard to swallow People such as Freddie Wright, Judith Baron and Nelia Raber say they thought their money was safe in the now-troubled Paso lender Freddie Wright has been living for years in San Luis Obispo in an old orange Ford van, a choice he makes to save money. In 2006, a longtime …
Almost homeless over $100 Can you lose your home over $100 in late fees? Most Southwest Florida residents are by now quite familiar with how lenders can take back a property through foreclosure. But under Florida law, it is not just banks that can foreclose — homeowners and condominium associations can take a home to …
Dealmaker elevated flip to an art In the midst of the 2006 U.S. congressional campaign, Mark Brivik held a fundraiser at his multimillion-dollar home on Longboat Key for Republican candidate Vern Buchanan. It was a swank affair, say those who attended. Even the Israeli ambassador was there. The party spotlighted Brivik at the height of …
Mortgage Crisis [South Florida] As more South Florida homeowners fall behind on their mortgage payments, many lenders are slow to embrace a less costly alternative to foreclosure: short sales. In a short sale, lenders allow owners facing foreclosure to sell their homes for less than the mortgage balance. The lender absorbs the shortfall, but limits …