News about properties and real estate
Foreclosure filings on Florida homes leap Florida foreclosure filings jumped by 6 percent from April to May, according to a study by RealtyTrac Inc., an online data concern. That’s one new filing for every 821 Florida households. By contrast, national foreclosure filings rose by less than 2 percent, averaging about one new filing for every …
Continue reading “Foreclosure filings on Florida homes leap”
Lending a Hand: Many benefits of interest-only mortgages There has been way too much negative press over mortgages that have the option to pay just the interest each month. In the first place, the very term “interest-only” is a misnomer. The implication is that such borrowers can only pay the interest that is due each …
Businesses facing homeowners’ woes Recent storms cause premiums to soar Al Paraldi got a nasty shock a few weeks ago — because of the skyrocketing price of business insurance, the rent for his Dollar Boulevard store in Cape Coral was going up by about $100 a month. He’s one of many tenants, landlords and property …
Goodbye, city life Shelly McKnight and her husband, Matthew Haynes, seemed to have a good life in the Los Feliz Hills. They owned a home in a chic area, had jobs in the film industry and traveled the world on vacations. But both felt something was missing. When a motorcycle trip in 2002 to look …
Slowdown halts condo conversions [South Florida] Tenants at 210 Watermark recently learned their apartment complex in downtown Bradenton won’t be going condo afterall. And 210 Watermark is not the only member of the condo-conversion craze sidetracked by the real estate slowdown. Turnbury Park at Palm-Aire is also staying rental for now, Peter Wenzel, managing member …
Business: Developer to cut ties with snake-bit center [South Florida] Developer Ken Morin has made millions on other local projects. But he’s lost millions on Walter’s Crossing. Walter’s Crossing shopping center owns an enviable location at Interstate 275 and Dale Mabry Highway and has strong sales at its anchor stores, Target and the Wild Oats …
Continue reading “Developer to cut ties with snake-bit center”