News about properties and real estate
The benefits of a mortgage-free retirement Retirement is often likened to “financial independence.” However, as pointed out in a USA Today story last week, many retirees are finding themselves very dependent, very despondent, and, well, screwed. These are retirees with mortgages they can no longer afford. Pretty sad stuff. Of course, this wouldn’t be a …
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Palm Beach Projects in Distress [South Florida] In further evidence that the wave of foreclosures against large residential projects in South Florida is far from over, lenders have moved to foreclose on two prominent projects in Palm Beach County. Country Lake at Palm Beach, a local rental complex, has been hit with a $19.5-million suit, …
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Keep up with your homeowner’s insurance [North Florida] The Big One won’t hit this year. Will it? Northeast Florida has been spared from a direct hurricane hit since Hurricane Dora in 1964, but there’s always a possibility the region’s luck will run out in a new hurricane season. Given the threat, an annual checkup of …
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Twice-flooded Orlando-area homeowner gives up, sells house through FEMA program [Central Florida] I just watched my house get destroyed for the third time in five years. This time for good, devoured one crunching bite at a time by a big yellow track hoe until nothing was left but crumbs of stucco and concrete. I guess …
Renters conned out of a home That’s the warning being given by the Solano County District Attorney’s Office and real estate agents to potential renters who could be caught up in a costly con game. District Attorney David Paulson says that multiple cases of rental fraud have been reported recently from Vallejo to Vacaville, leaving …
Last two waterfront lots on Siesta are being sold [South Florida] Ron Allen, who made his fortune investing in real estate, is set to snap up the last two undeveloped beachfront lots on Siesta Key today. The price of those lots: $5.4 million. “I may be paying more than I should, but I figure investing …
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