News about properties and real estate
Simple steps can prevent buying a home disaster To avoid legal snarls when buying a new home, inspect the home carefully, check legal descriptions closely, read the title report and don’t rely on real estate agents for legal advice, experts say. Jessie and John Bates thought they got a real deal on their first home, …
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How to prevent flipping fraud Flipping fraud was not invented during this decade’s real estate boom. It helped burst Florida’s real estate bubble during the 1920s and played a key role in the nation’s savings and loan crisis in the 1980s. But widespread flipping fraud does not have to happen again with the next real …
Lifelines for Those ‘Underwater’ AS property values in the New York area slide, more borrowers are finding themselves “underwater,” which means they owe more than their homes are worth. Skip to next paragraph More Mortgage Columns Now the government is throwing a lifeline to such homeowners, along with similar borrowers nationwide. This month, the Federal …
Realtors see Ocala sales soar [North Florida] The Ocala housing market got its largest boost in more than a year, when sales of previously occupied homes jumped 63 percent last month compared to a year ago. The Florida Association of Realtors reported Thursday that sales by its realtors jumped to 311 in June, compared to …
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Bidding wars break out on homes under $200,000 [South Florida] Bidding wars are returning to South Florida’s housing market, as investors and first-time buyers compete for homes and condominiums listed at $200,000 or less. The race for properties is reminiscent of the boom years from 2000 to 2005, when multiple offers on all types of …
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Association must lien and foreclose to get unpaid fees Question: I have three condominiums in different locations. One is paid for, which is my residence, and the other two are rentals that are upside down with the current real estate market. I stopped paying the mortgages and HOA dues on the rentals two months ago. …
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