News about properties and real estate
Florida’s Supreme Court sought a foreclosure lifeline in forcing banks and borrowers to mediation. It was hoped a judicial referee could help unclog court dockets and free struggling borrowers. But in documents obtained by The Palm Beach Post and described in a recent court order, mediators complain lenders and their attorneys are stifling the system …
Continue reading “Foreclosure mediators: Banks pushed us to fail”
In especially troubled housing markets such as Florida, foreclosures are down, four years into the housing crash. But that’s thought to be just temporary. Sales are up in Florida, but in some areas more than half of those sales involve foreclosures. There’s one group of homebuyers, however, for whom market conditions couldn’t be better: Canadians. …
Continue reading “In Florida, It’s A Great Time For Canadian Homebuyers : NPR”
Many markets, such as Florida, California and New York, are seeing a surge of foreign buyers. One luxury condo complex in Miami Beach says a growing one-third of such buyers are snapping up homes at bargain prices. Last week, a story on cash buyers quoted a Realtor in Napa Valley noting particular interest from Chinese …
The Sebring City Council, in a 4-1 vote Tuesday, decided not to pursue legal action against the developers of Majestic Cove because it figured it had no legal grounds to sue the company.The problem, the council members said, lay in the wording of the city’s development agreement, dated Nov. 15, 2005, with the developer.Council decided …
February is when potential home sellers start painting walls beige and cleaning out closets, preparing for the spring homebuying season. But sellers got some unnerving news last week: The interest rate on a 30-year mortgage jumped up to a level not seen since last April. In November, the average rate slipped to a 40-year low …
Continue reading “Buyers Face Gamble With Rising Mortgage Rates”
A labor of love, an economic boost and a local link to a world of travelers: the newly opened Royal Floridian South Tower is all of those. The first new beachside construction project since 2006, the 53-unit structure is the latest addition to Spinnaker Resorts, owned by Ken Thomas. His 10 resort properties include six …