News about properties and real estate
Many South Florida home sellers still asking too much Despite months of declining home prices, new data shows that South Florida sellers are still asking too much for their homes, then slashing prices when they don’t sell — a sign that buyers and sellers are still struggling to define fair market value in the aftermath …
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Homeowner associations block guests Melissa Solis said she understands that she can’t use her community pool or clubhouse because she’s late paying her homeowner-association fees. But it’s unfair, she said, that security guards at the gated entrance to her neighborhood prevent her friends, family, babysitter and even the delivery man from Winter Garden Pizza Co. …
Loan modifications: Waiting for Bank of America to offer another loan modification – South Florida Sun-Sentinel.com I first talked to Yvonne McBride-Acosta of Sunrise in October. Her situation was bad. Since then, it has gotten worse. Back then, I wrote about her here-it-is, there-it-goes loan modification. She had qualified for one in July 2009, but …
Around Tampa Bay, foreclosure means never having to leave [Central Florida] When his lender started to foreclose in 2003, Jeffrey DeMauro appealed for time to resolve his financial problems. “I sincerely want to work this situation out and get back on track and save my home,” DeMauro wrote to Pinellas County court officials. “I have …
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Mortgage, tax bills ultimately come back to haunt walkaways While foreclosures and loan modifications have made it tough for overwhelmed banks to go after walkaway borrowers, there’s evidence they are starting to crack down. Lenders are hiring collection agencies. They also are getting deficiency judgments — court orders that allow banks to collect on mortgage …
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Desperate condo, homeowner groups given new way to grab overdue fees Revenue-starved condominium and homeowners associations struggling to keep the taps running and the lawns mowed have found a novel way to squeeze money from units that don’t pay what they owe. It’s called a reverse foreclosure, a tool that can force banks to pay …
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