News about properties and real estate
Some deadbeat landlords must forfeit rents to condo associations Each month, Judd Tyler, the president of his townhome association, discovers his community doesn’t have enough money to pay all of its bills. So the townhome board took action. It is among the first in the area to obtain a court order to force delinquent landlords …
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A sign of recovery: bidding wars for houses [South Florida] After a recession-driven hibernation, competitive bidding for homes is back in Southwest Florida. But before anyone cracks open the bubbly, take note: The phenomenon — by far — remains the exception, not the rule. Still, experts take the news as a sign that the region’s …
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Board’s use of reserve funds results in fine for the owners Q: Our board willfully used funds from the reserve account without unit owner approval for other purposes. The state imposed a fine on the association and not the board. Who is responsible for such action? R.E., Miami A: The fine will be paid from …
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Downtown development: Miami, Fort Lauderdale and West Palm Beach officials check to see if they overbuilt in the early 2000s [South Florida] Developers poured money and concrete into South Florida’s three county “capitals” this decade, furiously building up the downtown skylines with thousands of new residential high-rise condos and apartments. Now that the real estate …
One seller ploy first-time buyers should avoid Here’s a tactic that was used on me as a first-time home buyer: The seller is asked to pay an amount into a fund, and told he can recoup that payment by raising his selling price, which would then be paid by an unsuspecting buyer. I didn’t understand …
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Miami-Dade property tax appeals flood in from condo associations With the deadline to appeal property taxes a week away, local appeals firms are hard at work, with many more cases coming from condo associations seeking appeals on behalf of unit owners. With condo values dropping steeply, many condo associations are filing class appeals on behalf …
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