SoMa condo bought with help of federal tax credit, loan and even dad [Northern California] When you’re spending more than three-quarters of a million dollars on a property, $8,000 worth of income tax credit may seem minuscule. But for Tony Jarjoura, who paid $756,500 for a two-bedroom, two-bath condo in SoMa Grand (median sale price: …
Author Archives: Administrator
Florida judge tosses GMAC foreclosure
Florida judge tosses GMAC foreclosure GMAC Mortgage got slammed by a Florida judge this month — and that may be good news for some of the 1,234 New York homeowners hit with a foreclosure action by GMAC since the beginning of 2008. In that case, Judge Anthony Rondolino voided a GMAC foreclosure win after he …
Home Front: Condo renter beats bureaucracy to win battle to buy
Home Front: Condo renter beats bureaucracy to win battle to buy Happy endings are rare in the midst of a housing meltdown. But today Donna McCain at last sits in her own home near Sacramento, a condo she rented for five years and tried for 18 months to buy. “What a gift. What a gift,” …
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Prices falling for small apartment buildings | four, market, buildings [Southern California]
Prices falling for small apartment buildings | four, market, buildings [Southern California] Irwin “Tres” Trester spent more than a year looking for income property before buying a four-plex in Huntington Beach. “The advantage I was looking for was cash flow. … Going from a (rental) house to a multi-family seemed like the right way to …
Illegal renting results in revenue losses
Illegal renting results in revenue losses The atmosphere around Cocoa Beach Towers on a recent sunny day was like a vacation resort. The Monkees’ “I’m a Believer” was blaring from the condo complex next door, sunbathers relaxed on the Towers’ balconies overlooking the beach, families lounged by the pool. One could hardly tell that the …
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Homes bulging as Floridians move back in with parents
Homes bulging as Floridians move back in with parents Deb Jacobs left home nearly four decades ago, saying goodbye to her mom and dad to start her adult life. Now, at 58 years old, she is returning. No longer able to afford her mortgage, and following a failed attempt to get a loan modification on …
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