News about properties and real estate
The ad for Pompano Beach Highlands hit Life magazine in October 1955. It was paid for by the builder, who pitched retirees on the perks of owning a home in Florida. “On U.S.1, halfway between Miami and Palm Beach, with Ft. Lauderdale minutes away, Pompano Beach Highlands offers a richer, fuller life at much less …
Continue reading “Foreclosures: How one Broward development is fighting through foreclosures”
A few years after losing $1 billion in the real-estate crash, Jorge Pérez and his Related Group of Florida are planting seeds for new projects near the felled stumps of the old. In the Journal earlier this week, we profiled Mr. Pérez , the “condo king of Miami” who, despite losing two of his trophy …
Continue reading “Is the Condo Revival in Miami the Real Thing?”
Sweeping new measures to help financially struggling Hawaii homeowners avoid foreclosure became law last week.Some observers are hailing the bill signed Thursday by Gov. Neil Abercrombie as one of the strongest in the nation and possibly a model for other states.The bill, Senate Bill 651, is being touted as one of the highlights of the …
How hard is it to get a mortgage? Hard enough that even millionaires are throwing up their hands in frustration and disgust. Patrick DiPinto, a Coldwell Banker agent on Longboat Key, says just two of his past 30 deals have involved buyers who sought mortgages to make the purchase. But one of those cases illustrates …
Continue reading “Letter from home column: lenders are tough even on the rich”
As an international banker, Ed Feder lived all over the world. Tokyo, London, Sydney, Frankfurt. Rome, he said, was heaven. But when it came time to pick a retirement home, he and his wife chose Sun City Center. “I mean if you can’t be happy here,” Feder, 70, said, “you’re not going to make it …
Continue reading “Foreclosures rare in Hillsborough County’s Sun City Center”
Special report: High rise, high stakes. They’ve lost $8.65 million of their own money, but the developers of Greenbridge say they have five investors willing to help save the $56 million condominium towers from foreclosure. Three people have offered to assume the project’s loan debt and two others are willing to put up between $2 …