News about properties and real estate
1 in 11 in Volusia, Flagler at millionaire status [Florida] They’re rich, but not famous, and that’s the way they like it. One of every 11 households in Volusia and Flagler counties has achieved millionaire status, a study has found, while 1 in every 128 has made it to the $5 million level. Research by …
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As ‘subprime’ rates shoot up, owners despair [Central Florida] Twanda Thompson doesn’t want to lose her home. But unless she can solve her mortgage woes, she and her four children may have to start looking for an apartment. Like many would-be homeowners with below-average or poor credit, the Orlando woman took out a “subprime” mortgage …
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Taxes, debt shadow Extreme Home Makeover family They struggle with higher bills, IRS rules, mortgage on their former house. Their house is brand new, five times bigger than the old one, and the furnishings inside are deluxe — all for free. Troubles appeared to be over for Jesus and Michelle Jacobo and their extended family …
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Florida business owners might see tax relief Owners of small apartment buildings and mom-and-pop businesses who have faced massive increases in their tax bills could see some relief under a plan that is moving swiftly through the Florida Legislature. A bill passed 13-0 by the House Government Efficiency & Accountability Council Wednesday would change the …
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Condo converter’s debts pile up [South Florida] Warren Hickernell looked like the boldest contrarian in the Southwest Florida real estate market last year. He spent millions changing motels and apartment buildings into condominiums long after the conversion trend seemed spent. But with banks foreclosing on six of his 18 conversion projects — demanding repayment of …
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Developer Ross Says Real Estate At ‘Best Moment’ in History Wall Street is jittery about the fallout from a meltdown in the subprime lending industry, a slowdown in consumer spending, and a sagging retail sector. But for master developer Stephen Ross, the chairman, chief executive officer, and founder of the Related Cos., the economy couldn’t …
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