News about properties and real estate
More homeowners struggle with mortgages they can’t afford Sarah Portales wants to keep paying her mortgage on time, but she’s got a problem. Her monthly payments are $3,500 and her income is slightly less than that. All the efforts this San Jose custodial supervisor has made to find a way to refinance her loan into …
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Citizens steels for flood of business [Central Florida] Florida’s small-time commercial landlords and many of the small-business owners who rent space from them have been hit with the same fast-rising insurance premiums that have been shocking homeowners since a series of hurricanes raked the state in 2004-05. Earlier this year, lawmakers handed the problem to …
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As real estate market loses sizzle, landlords offer more deals [South Florida] When Denise McGill moved to Palm Beach County from rural North Carolina two years ago, she was stunned at the high cost of housing. So she found a roommate and resigned herself to renting. “In retrospect, I definitely did the right thing,” said …
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Better-heeled failing home economics too Sheriff’s Deputy Mike Strickland is a postman of bad news, delivering eviction notices in the western stretch of San Bernardino County. He is armed with a Glock .45, which he seldom draws, and Scotch tape, which he goes through in prodigious amounts while posting court orders on doors and windows. …
One house, three quick sales, one familiar link In late 2005, Barbara and Gregory Klein agreed to sell their St. Petersburg home for $535, 000 to a man who had seen their “For Sale By Owner” sign. But when the Kleins sat down to complete the deal, their copy of the closing statement showed a …
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Developer was mole for feds [Chicago] John Thomas bought and sold downtown office buildings and helped other property developers secure multimillion-dollar mortgage loans. But the high-living dealmaker had a double life. Thomas, who was convicted of federal business fraud in New York in 2004, has been serving as an undercover government mole in Chicago for …