News about properties and real estate
Home flipping follows an assembly-line process.Investors who work in teams scout for bargains, close quickly with cash, gut and beautify, and market the homes to agents — all while the timer’s ticking. If everything goes right, their money and muscle will yield enough profit to keep that machine churning.“It’s not for the weak of heart,” …
Continue reading “Is there money to be made in home flips? [Southern California]”
A year ago, Miami’s Icon Brickell condo complex was a symbol of just about everything that had gone wrong during South Florida’s epic housing bust: Speculators had walked out on sales contracts, the towers were half-empty, and a group of lenders was making moves to foreclose. Now, as Brazilians and Argentineans wage bidding wars for …
Continue reading “Miami’s one-time icon of crisis becomes an icon of the city’s condo turn-around”
The Courtyard by Marriott hotel next to Daytona Beach International Airport is going up for auction. Mortgage holder MTGLQ Investors L.P. of Irving, Texas, won a $10 million foreclosure judgment in April against D&B of Daytona Inc. a St. Petersburg-based company that — as Oceanside One Ltd. — owned the hotel. The foreclosure auction will …
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Lindsay Hall took out a $200,000 loan in 2005 on her paid-off beach house with the understanding that her $600 monthly Social Security check would cover the mortgage payments. When her interest rate jumped more than a year ago, it raised her mortgage payments to $1,500. At that point, Hall started the fight to save …
Continue reading “For one homeowner, following bank’s advice was bad news”
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 …
Continue reading “Local governments banned from restricting short-term rentals”