News about properties and real estate
Residents of Volusia and Flagler counties well know that in order to build wealth, they can no longer simply rely on buying a house. That ship sailed in 2007, with the housing collapse dislodging its anchor. Financial planners say their clients — who skew to upper-middle class — have realized this and begun focusing more …
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Scattered across 540 acres of San Diego County hills and ravines, the 235 opulent homes of the Bridges at Rancho Santa Fe flank a private golf course and country club with tile-roofed towers inspired by Tuscan villages.The placid panorama belies decades of bruising battles among the project’s developers. The cast includes home-building titan Lennar Corp., …
Continue reading “Inside a high-end real estate deal gone bad”
It took less than a week for interested buyers to home in on the two-story, five-bedroom foreclosure on Salt Water Creek Court west of Lantana. Advertised as needing a little TLC – a pressure wash of the roof, fresh paint on the trim – the Savannah Estates home joins the ranks of Palm Beach County’s …
Argus Fire & Casualty Insurance Co. will cancel its roughly 9,000 home insurance policies within 45 days, as part of a deal to be taken over by the state on Tuesday. Policyholders will have to scramble to find a new insurer during hurricane season, which started Wednesday. Regulators have “decided that it is in the …
Gov. Rick Scott has made official a controversial new law that prohibits local governments from restricting short-term vacation rentals. The law, signed by Scott yesterday, is one of the first of its kind in the country to enforce the rights of residential property owners who want to rent by the day or week, a practice …
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No one would accuse the executive given the task of salvaging Bank of America Corp.’s troubled mortgages of being a smooth operator. During his first public appearance after being named to the job in February, Terry Laughlin mispronounced the name of one executive and was blamed for not giving a customary introduction to one of …