With prices down Marion County investors buy properties cheap and then resell them quickly for a tidy profit [North Florida] The problems with the local real estate market are well documented: Property values are plummeting, foreclosures are skyrocketing and many homeowners are upside down on their mortgages, meaning they owe more than the property is …
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Lots to buy for Tampa parking kings after real estate bust [Central Florida]
Lots to buy for Tampa parking kings after real estate bust [Central Florida] In the wake of the real estate collapse, the most marketable use these days for some land in downtown Tampa may be – parking. Two brothers who became the kings of downtown Tampa parking are becoming downtown land barons as well, snapping …
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Keep your home-equity line of credit from freezing Realty Q&A
Keep your home-equity line of credit from freezing Realty Q&A Question: I have a shrunken home-equity line of credit with a big bank on the property in which I reside. What is the best strategy, if any, to minimize the possibility that the HELOC will be frozen or closed? Currently, I have the line tapped …
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Limits on pursuing delinquent condo owners
Limits on pursuing delinquent condo owners Q. Are there any restrictions on a management company or board on performing ongoing collection activity on a delinquent unit owner’s account? If the unit owner is in bankruptcy, does this have any affect on collection activity? A. While a board of directors must be diligent in pursing delinquent …
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Chasing the American dream — a place to call their own
Chasing the American dream — a place to call their own Until April, the lure of an $8,000 tax credit combined with depressed real estate prices was drawing younger South Floridians to their first homes. How is first-time homeownership turning out? There have been a few surprises. Property taxes doubled. What?
Cash is king in housing market
Cash is king in housing market OK, cash never really gave up its spot on the real estate throne. But after representing 30 percent of sales handled by members of the Melbourne Area Association of Realtors in 2008, the percentage of cash deals is on the rise, representing more than 40 percent of sales last …