News about properties and real estate
Rentable housing numbers vex cities [Arizona] With mounting foreclosures, investors are snapping up homes and renting them to tenants at bargain rates. But in the long run, the trend could shake the stability of Valley neighborhoods and hurt cities’ efforts to promote homeownership, community leaders warn. Some cities that have been hit hard by foreclosures …
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Rentable housing numbers vex cities With mounting foreclosures, investors are snapping up homes and renting them to tenants at bargain rates. But in the long run, the trend could shake the stability of Valley neighborhoods and hurt cities’ efforts to promote homeownership, community leaders warn. Some cities that have been hit hard by foreclosures are …
Missing Miami Beach developer may face arrest [South Florida] Developer Michael Stern — the chief witness in a Miami Beach City Hall bribery probe — has repeatedly refused to return from Uruguay for hearings in his bankruptcy case, prompting a judge to threaten him with arrest. U.S. Bankruptcy Judge Robert Mark found Stern in contempt …
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Housing begins to reverse 3-year recession in every US region, but 2nd half looks rocky It was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember. From the frenzied peak of the real estate boom in 2005-2006 to the recession’s trough earlier this year, home …
Ruling helps condos collect delinquent fees Condominium associations were handed a significant weapon late last week in the battle to collect rent directly from tenants whose landlords have stopped paying maintenance fees. In a significant development in condo law and a boon to struggling associations, a Florida appeals court has upheld a ruling allowing a …
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Lifelines for Those ‘Underwater’ AS property values in the New York area slide, more borrowers are finding themselves “underwater,” which means they owe more than their homes are worth. Skip to next paragraph More Mortgage Columns Now the government is throwing a lifeline to such homeowners, along with similar borrowers nationwide. This month, the Federal …