Pinnacle’s real estate fallout When Pinnacle Financial Partners got started 10 years ago, the bank’s executives, who had survived many a past real estate collapse, pledged to focus lending on business and industry — not real estate development. Now, the bank is beset by loan problems linked to real estate and homebuilding plans gone awry …
Category Archives: Commercial Properties
Property tax appeals: South Florida property tax appeals on a blistering pace
Property tax appeals: South Florida property tax appeals on a blistering pace The annual tax notices going out this month will bring a double whammy of bad news for many Florida property owners — lower values and higher taxes. But a small minority will get a break by challenging the county’s value of their homes, …
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Lots to buy for Tampa parking kings after real estate bust [Central Florida]
Lots to buy for Tampa parking kings after real estate bust [Central Florida] In the wake of the real estate collapse, the most marketable use these days for some land in downtown Tampa may be – parking. Two brothers who became the kings of downtown Tampa parking are becoming downtown land barons as well, snapping …
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Keep your home-equity line of credit from freezing Realty Q&A
Keep your home-equity line of credit from freezing Realty Q&A Question: I have a shrunken home-equity line of credit with a big bank on the property in which I reside. What is the best strategy, if any, to minimize the possibility that the HELOC will be frozen or closed? Currently, I have the line tapped …
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Limits on pursuing delinquent condo owners
Limits on pursuing delinquent condo owners Q. Are there any restrictions on a management company or board on performing ongoing collection activity on a delinquent unit owner’s account? If the unit owner is in bankruptcy, does this have any affect on collection activity? A. While a board of directors must be diligent in pursing delinquent …
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Homeowners hope mediation program can save their houses [South Florida]
Homeowners hope mediation program can save their houses [South Florida] Lance Dunning tried for two years to sell his house in a short sale after its value plunged well below the $400,000 mortgage he took out in 2006. He had three offers for three short sales for $200,000, more than the home’s assessed value – …
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