News about properties and real estate
Escrow Bomb ticking in S. Florida You’d be smart to keep a close eye on that escrow account attached to your mortgage. There’s a good chance many Florida property owners won’t have enough money squirreled away this year. Escrow is money held for future obligations. Every month most homeowners pay principal and interest due on …
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Citizens deficit to cost all homeowners [Florida] All Floridians with homeowner insurance policies will have a one-time charge tacked on their annual premiums to help cover Citizens Property Insurance Corp.’s $1.7 billion deficit from 2005, officials with the state-backed insurer decided Thursday. And Citizens’ board will meet next month to consider another extra charge for …
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Taxpayers strain to swallow hikes [South Florida] When Patrick Moriarity opened his tax bill this year and saw a 35 percent increase in the amount of money he owed on his two commercial rental properties in Venice, he was more than outraged. He was disgusted. Moriarity and new homeowners, owners of second homes and owners …
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Developer makes the old new What embattled entrepreneur and race car driver Eric Schwartz said he enjoyed most about the restaurant business were the openings, especially designing, refurbishing and decorating a new restaurant. He didn’t like the chronic financial struggle to stay in business in a highly competitive industry. Schwartz, 49, who founded Upstairs Downstairs …
Dreams ruined, he walks mortgage plank Finally able to speak, he apologized profusely through his tears, saying it had just sneaked up on him, that he hadn’t done such a thing in a long time. I told him to forget it. His is among the heart- rending stories being told often in Colorado these days. …
How to buy … investment real estate Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial. Various strategies can be used on the …