News about properties and real estate
Lawsuit charges that Fort Lauderdale developer sold undersized condos [South Florida] A Fort Lauderdale real estate agent is suing the developers of the Las Olas River House luxury condominium, saying they cheated her out of living space. Rebecca Riley said she bought a 2,600-square-foot condo last year from Tarragon Corp. and Omni Development Corp. But …
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Homeowners warned about foreclosure ‘rescue’ scams Kurt Hilderbrand worked hard for a decade to make his monthly mortgage payments, but a recent failed business dealt him the final blow: He was six months behind on payments and weeks away from losing his three-bedroom house. That’s when the “foreclosure rescue specialists” began circling. They hounded him …
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Soft market teaches flippers an ever-so-humble lesson Investing in real estate looked so sexy. Like the tech-stock bubble that turned college kids and housewives into day traders, the real estate boom turned insurance brokers, doctors and bicycle mechanics into real estate flippers, who would buy and then quickly sell homes for easy profits. Now those …
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Planners OK replacing apartments with condos The developer is cutting back and delaying his plans because of the slumping real estate market. More than three decades after Gary Boruff became a landlord in Venice’s apartment district, his last tenants have been moved out and his rentals, which recently went for as little as $450 per …
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Life Difficult for Apartment Owners, Tenants When Jennifer and Terry Balvin first met, Terry owned a house. But after they married, the Balvins chose to live in her apartment at Martin’s Landing in South Lakeland. “He is always telling me of the costs and hassles of just going through the purchase of the house — …
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Remembering Peter Tosh Fourteen years before the devastation in New York City, Jamaica, and indeed the world, suffered a loss, though clearly not of the same magnitude, when reggae revolutionary Peter Tosh was brutally murdered at his home in Barbican, Kingston by gunmen. Also killed on that fateful night, was Wilton ‘Doc’ Brown, a herbalist …