Barbary Coast – A Foreclosure Crisis Rooted, the Family Says, in Predatory Lending Giuseppa Bagnarol, 82, was in her final hours in August, dying at home surrounded by the large family she presided over as matriarch. They gathered to say goodbye at the bucolic Redwood City retreat Mrs. Bagnarol had created — a compound of …
Author Archives: Administrator
Condo mortgages could be easier to get under Fannie Mae program
Condo mortgages could be easier to get under Fannie Mae program Florida condominium loans could be easier to get under a program announced Thursday by government-run mortgage company Fannie Mae. The company has named a team of six employees to review hundreds of condo projects statewide that may not meet Fannie Mae’s eligibility criteria for …
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Tough times for commercial real estate
Tough times for commercial real estate To borrow a biblical expression, it may be easier these days to pass a camel through the eye of a needle than it is to get a commercial real estate loan. Despite federal bail-out money intended to stimulate lending, loans for investment in office buildings, shopping centers, industrial sites …
Banks take losses on short sales – Business – MiamiHerald.com
Banks take losses on short sales Drew Schlosser tried for two years to sell his three-bedroom Punta Gorda waterfront condominium for less than he owed on its two mortgages. The deal only went through last month when Wells Fargo & Co. agreed to take a $165,000 loss on the loans. Even after he had an …
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Condo groups in financial pain
Condo groups in financial pain The continuing foreclosure flood is creating severe financial problems for condominium associations across Florida, and members are complaining that banks and mortgage companies are doing nothing to help.
Faded Grenelefe Resort For Sale Again
Faded Grenelefe Resort For Sale Again [Central Florida] A relatively small amount of green may purchase a lot of Grenelefe. The Grenelefe Golf and Tennis Resort, a once premier Florida facility that fell on hard times during the 1990s, is up for sale again. Marcus & Millichap Real Estate Investment Services of Encino, Calif., listed …