News about properties and real estate
Joshua Bahoff bought a three- bedroom luxury condominium in Naples, Florida, in December for $235,000, about one-third of the price that the seller paid near the height of the U.S. housing boom. "It was a great deal," said Bahoff, 59, a Philadelphia dentist who plans to spend one week a month every winter in the …
Continue reading “Naples Rises From Florida Housing Swamp as Wealthy Buyers Return”
Callery-Judge Grove, founded in western Palm Beach County in 1964, is being sued for more than $37 million in a foreclosure filed in Palm Beach County Circuit Court. The lawsuit filed Friday alleges that Callery-Judge Grove Limited Partnership, CJC Management LTD. and Managed Citrus owe Prudential Industrial Properties LLC $37 million in mortgages plus $8.7 …
Continue reading “Historic Callery-Judge Grove in foreclosure”
As part of a new national hunt for gift tax evaders, the Internal Revenue Service has asked a federal court for permission to order a California state tax agency to hand over its computer database of everyone who transferred real estate to relatives for little or no consideration from 2005 to 2010. If granted, the …
I bought a house over a year ago with a balloon loan that comes due later this year. I had to get this loan because I cosigned a loan for a friend and she missed some payments. At the time, this was the only loan I could get. After I closed on my loan, my …
Jacksonville-area condominiums, already battered by values that have fallen to rock bottom, are being clobbered by loan restrictions that effectively freeze sales in many complexes that have been hardest hit by the economic downturn. Credit-worthy and otherwise qualified would-be buyers often can’t get financing to buy many condos. And sellers are often trapped in their …
Continue reading “First Coast condo sellers finding it hard to move on”
Beyond the gates of Walt Disney World’s Magic Kingdom, the fairy tale stops abruptly — with no happily-ever-after ending. Foreclosure signs dotting once-booming suburban developments that supported decades of growth here and across the rest of the Sun Belt are grim memorials to the recession and housing bust. One touch of magic remains: 70-degree days …