News about properties and real estate
Colorado foreclosure rate still No. 1 in U.S. For the second consecutive month, Colorado has the dubious distinction of having the highest foreclosure rate in the nation, the latest sign that the weak, lower-priced housing market continues to plague the economy. The report by RealtyTrac Inc. of Irvine, Calif., shows that 3,706 homes in Colorado …
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Cooling real estate market still leaves many buyers out in cold The cooling real estate market offers a bit of good news for cash-strapped home buyers: The affordability squeeze has eased slightly. But the income needed to buy a typical home is still twice what it was four years ago. Buying a median-priced home in …
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Toxic Reverse Mortgage Gobbles up a 94-year-old Widow’s Home Equity What’s the worst sort of real estate experience you can imagine? How about a mortgage that eventually eats your entire house — your entire equity stake — and leaves you penniless despite years of double-digit appreciation? That’s been the experience of Katharine Stephens of Brigantine, …
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Tampabay: Sale, or foregone foreclosure? They were behind on their mortgage payments. He said he was offering them a way out of trouble. But then he evicted them and made big profits. And they say that was his plan all along. Mary Ella Savage sat down at her dining room table one December day and …
Post-Katrina real estate booming The 2,200-square-foot house promises three spacious bedrooms and two-and-a-half baths — a bargain at $175,000. Except for the fact that the home, located in one of this city’s previously elegant neighborhoods, has been gutted to the studs and has no drywall, no wallboard, no fixtures. “Home was flooded by Katrina,” reads …
Retirement community’s new owner says no to condos [South Florida] Everything’s going condo, it seems, so residents of The Carlisle Palm Beach figured their luxury retirement community was next. Owner HealthTrust America was said to be turning the Carlisle into condominiums, but that was before HealthTrust sold the 310-unit complex near The Ritz Carlton to …
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