In the housing meltdown, even outside the usual housing bust hotspots, some condominium owners are faring even worse than owners of single-family homes. In some gentrifying neighborhoods of Boston, for instance, where condo conversions of the city’s storied triple-decker row houses were rampant in the last decade, many owners now find they can’t sell their …
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It’s a great time to buy, sort of
Home sellers continue to battle foreclosure-laden banks for the attention of home buyers, some of whom find themselves in a better position than they have been in decades. Yet some are hesitant to buy, thinking (fearing?) that prices will go lower and they could soon find themselves in a negative-equity position if they borrow money …
Orlando condos among cheapest in state [Central Florida]
The midpoint for Orlando condominium prices last month remained below $50,000 and was 40 percent below the statewide median price, according to a report released this week by Florida Realtors. Condo prices in Central Florida have been depressed for more than a year, with the metro area’s median price in September down 5 percent to …
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Title insurer tightens reins on lenders
Title insurer tightens reins on lenders The country’s largest title insurer said that banks and other lenders must vouch for the accuracy of their mortgage documents before the firm will write insurance for a foreclosure sale. Fidelity National Financial announced the policy change — the strongest move yet by a title insurer to protect itself …
Five years after Hurricane Wilma hit, insurers getting new claims, lawsuits [South Florida]
Five years after Hurricane Wilma hit, insurers getting new claims, lawsuits Five years after Hurricane Wilma crossed Florida, insurers still are being whipped as they deal with new and reopened claims that have come along years after the storm. By now, it seems Wilma might have been forgotten. The storm made landfall near Marco Island …
Argentines risking it all to carry huge wads of cash
Argentines risking it all to carry huge wads of cash The “marker” lurks inside the bank, looking for people pulling large amounts of cash from a safe deposit box or a bank account. The gunmen linger outside, usually on motorcycles, waiting to make their move. For people such as Carolina Piparo, eight months pregnant and …
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