My plan for retirement is to spend our entire nest egg over the next several decades and then die promptly at 100. Well, almost the entire nest egg. We’ll still have our house. It’s recently occurred to me that we won’t actually need our house anymore when we’re dead. Many people are fine with this …
Author Archives: Administrator
Florida legislature to consider new real estate laws
The many woes of Florida’s housing market are well-known: hundreds of thousands of foreclosures, millions of underwater mortgages and a four-year trail of depreciating property values. Florida lawmakers, handicapped by a $3.6 billion budget shortfall, will take their best shot at solving some of the most pressing housing problems during this year’s legislative session, which …
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Apartment Investors in U.S. Not Scared by Vinyl Siding in Search for Yield
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco. “We wouldn’t have even considered it,” Greg Kraus, head of acquisitions at the Dallas-based …
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Hardest Hit Fund Help Homeowners’ Mortgage Payment
Residents in Clark County who are facing foreclosures can now sigh in relief as help from the federal government is on its way for their mortgage payment. Nevada was chosen to be one of the recipients Hardest Hit Fund established President Obama. The state one of the numerous states in the United States who has …
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Condo Column: Condos can’t cut off utilities, but is cable TV a utilty?
Dear Poliakoffs: We live in a 47-unit condo in Palm Beach County. One of the owners has not paid for maintenance in 10 months. The association pays the water and cable. Can the association under Florida condo law shut off the unit water and cable for nonpayment of maintenance after notification? – P.P. Dear P.P.: …
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Reverse mortgages offer benefits, pitfalls
Things have been pretty bad in the mortgage business for the last three years. So, Phyllis Taylor found her paychecks getting slimmer. Taylor, who works for a mortgage firm, could no longer afford her mortgage. She thought she might have to sell her house in Chesterfield and move to something cheaper. Instead, she took out …
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