News about properties and real estate
A few years after losing $1 billion in the real-estate crash, Jorge Pérez and his Related Group of Florida are planting seeds for new projects near the felled stumps of the old. In the Journal earlier this week, we profiled Mr. Pérez , the “condo king of Miami” who, despite losing two of his trophy …
Continue reading “Is the Condo Revival in Miami the Real Thing?”
Sweeping new measures to help financially struggling Hawaii homeowners avoid foreclosure became law last week.Some observers are hailing the bill signed Thursday by Gov. Neil Abercrombie as one of the strongest in the nation and possibly a model for other states.The bill, Senate Bill 651, is being touted as one of the highlights of the …
Boxing promoter Don King has relisted his more than three-acre oceanfront property in Manalapan, Fla., south of Palm Beach, for $20 million. The gated estate, which contains two homes, was originally offered in early 2009 for $27.5 million. Mr. King took it off the market last summer. The larger of the two homes has nine …
Continue reading “Don King, Mel Gibson and the ‘Home Alone’ House”
How hard is it to get a mortgage? Hard enough that even millionaires are throwing up their hands in frustration and disgust. Patrick DiPinto, a Coldwell Banker agent on Longboat Key, says just two of his past 30 deals have involved buyers who sought mortgages to make the purchase. But one of those cases illustrates …
Continue reading “Letter from home column: lenders are tough even on the rich”
Ms. Wennerstrom owns seven properties in southeast Toronto, two of them with partners. She bought her first house at 24 and has been flipping them since. But Ms. Wennerstrom, who quit her job in sales and marketing at a frozen food company nine months ago, has perfected a more patient version of the flip. Like …
Need some advice on dealing with a homeowner’s association? Is a short sale your best option for unloading your home? Lawyer and real estate consultant Gary M. Singer will answer your housing questions in this space each Friday. To ask Gary a question, click here. Q: We took out a reverse mortgage three years ago. …
Continue reading “Ask a real estate pro: What happens if I walk away from a reverse mortgage?”