News about properties and real estate
Bidders find bargains at foreclosed homes auction Diana Alebord knew what she wanted – a three-bedroom, two-bath house – and she had three properties in mind. The 45-year-old Sarasota woman drove to Tampa, hoping to find a bargain at an auction of foreclosed homes held Tuesday night at the Tampa Convention Center. The auction, hosted …
Continue reading “Bidders find bargains at foreclosed homes auction”
Miami condo corridor’s woes create boon for renters It’s not hard to get Regan Marock to gush about his rental unit in a twin-tower luxury building in the heart of Miami’s high-rise corridor. The two-bedroom condo has stainless steel appliances, a jetted tub and dazzling views of the city — not to mention the two …
Continue reading “Miami condo corridor’s woes create boon for renters”
The costs and benefits of home ownership | Shelter, or burden? In a scene from the film “It’s a Wonderful Life”, a happy couple is about to enter their new home. Jimmy Stewart, whose firm has sold them the mortgage, reflects that there is “a fundamental urge…for a man to have his own roof, walls …
Continue reading “The costs and benefits of home ownership | Shelter, or burden?”
Mortgage-Fraud Crackdown Is Gathering Steam in Florida Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage …
Continue reading “Mortgage-Fraud Crackdown Is Gathering Steam in Florida”
How to leverage your IRA property investments with mortgages So you’d like to take advantage of depressed housing prices and buy a rental property, but you lack a down payment or can’t meet lending criteria for investment properties? Consider using your IRA assets — even if the purchase price exceeds their reach. Little-known IRS rules …
Continue reading “How to leverage your IRA property investments with mortgages”
Study Buoys Mortgage Modification – WSJ.com Cutting financially troubled borrowers’ monthly mortgage payments by more than 10% reduces the chances that they will fall behind again after their loan is modified, a study found. While modifications that result in lower payments are increasing, nearly half of all loan workouts still result in the same or …