They Bought but Never Built In 2002, when the St. Joe Company, one of Florida’s largest real estate developers, began selling parcels in a new neighborhood here, it was inundated by potential buyers. With as many as 10 applicants for every lot, the company put numbered balls into a fishbowl, then had an agent draw …
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A Few Doors Away, Miles Apart In Taxes
A Few Doors Away, Miles Apart In Taxes On most every block along Corona Street in south Tampa, imposing new homes grow alongside compact, 1940s- and ’50s-era dwellings. Young professional families move in next to widows subsisting on Social Security checks. On one block is a vacant lot. Its developer waits out a lull in …
Deputies warn to beware of old scam with new twist [Central Florida]
Deputies warn to beware of old scam with new twist [Central Florida] Collier County officials have a warning for anyone in Southwest Florida trying to find the perfect renter because con artists using an old scam with a new twist may be targeting you. It all involves bogus checks that are complete with the logos …
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Owners grapple with choice to sell, rent
Owners grapple with choice to sell, rent As the real estate market in Washington slowed in 2006, some home sellers opted to offer incentives to potential buyers, such as closing-cost assistance or payment of condominium fees, while other home sellers dropped their listing price, sometimes more than once. Some sellers, frustrated by a lack of …
Failed loan by ex-Husani partner threatens one bank’s bottom line
Failed loan by ex-Husani partner threatens one bank’s bottom line Michael Tringali borrowed $83 million from seven banks The second largest Florida-based bank could be writing off nearly 15 percent of its annual profits because of fallout from a loan to Neil Mohamad Husani’s former business partner, Michael Tringali. BankAtlantic Bancorp, a Fort Lauderdale-based bank …
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Bills to tackle ground rents [Baltimore]
Bills to tackle ground rents [Baltimore] Several state legislators said yesterday that they are drafting legislation to change Maryland’s arcane ground rent system, including bills to prevent homes from being seized over missed rent payments and to ban the creation of new land leases. “We’re just going to do what we did with flipping and …