News about properties and real estate
Federal program will help struggling homeowners Struggling California homeowners will have another source of assistance later this year from a federal program giving the state $700 million to devise its own foreclosure-prevention solutions. While that sounds like a windfall, it’s minuscule compared with the hundreds of thousands of California households in default. That’s why the …
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Investors buying lots in North Port again [South Florida] Building lots are beginning to sell again, and some are being bought and resold for quick profits by investors from foreign lands. Take Land Investors Corp., for example. This Swiss company, based in Geneva, has purchased 39 lots in North Port for an average of $3,400 …
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Distressed homeowners lure Chase counselors to Riverview [Tampa Bay Area] There’s a reason JPMorgan Chase chose Riverview for its second Homeownership Center in the Tampa Bay area. It’s where a sizable portion of its troubled borrowers live. The lender is trying to make it easier for its financial distressed customers to meet face-to-face with counselors …
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Much in flux about proposed downtown Sarasota hotel [Central Florida] Though plans filed with the city prominently say Summerfield Suites Hyatt, the property owner behind the proposed 18-story hotel on Main Street acknowledges the lodging brand could change. Property owner Harry Walia said the change in hotel “flag” would likely occur if a Hyatt internal …
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Reaching out to home mortgages in default SunTrust mortgage customers facing foreclosure will soon start getting phone calls, e-mails and regular mail from Consumer Credit Counseling Service of Central Florida. The nation’s largest backer of home loans, Fannie Mae, announced Wednesday that it has signed up the counseling service to contact SunTrust mortgage customers in …
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Foreclosure auctions not for faint of heart, wallet Lawyer Paul Ciminelli stands in the corner on the steps of the Monroe County Office Building on a rainy morning. Acting as a referee for the court, he calls out to prospective interested parties for 33 Henry St., with an opening bid of $21,953.76. No one is …
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