Foreclosure Program Moves Forward With hundreds of homes currently in foreclosure in Hernando County, it didn’t take much impetus for county commissioners to green-light a program designed to help alleviate the situation. The board voted unanimously Tuesday to move forward with a Neighborhood Stabilization Program (NSP) that allows the county to access federal money that …
Category Archives: General
Condos forced to revert to apartments to survive [North Florida]
Condos forced to revert to apartments to survive [North Florida] When a developer converts a building into condominiums, it’s taken as a sign of prosperity and success. And when the wheels fall off the real estate market and condominiums languish back into apartments, it’s the opposite. Those condominiums are “fractured.” In Jacksonville, more condominium owners …
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At least four South Florida home builders are finding ways to buck the downturn [South Florida]
At least four South Florida home builders are finding ways to buck the downturn [South Florida] Home-building success stories are rare these days but not unheard of. Several builders in South Florida are attracting buyers by focusing on first-time homeowners, Baby Boomers and people who want a village where they can live, work and play. …
Miami Condo Colossus Is Monument to Excess
Miami Condo Colossus Is Monument to Excess Icon Brickell, a new condominium complex in downtown Miami, was intended to be Jorge Perez’s answer to the Time Warner Center, the massive mixed-use building developed in Manhattan by his longtime business associate, Stephen M. Ross. Mr. Perez, the chairman of the Related Group (an affiliate of Mr. …
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Florida county may declare itself an economic disaster
Florida county may declare itself an economic disaster Just five years ago, Port St. Lucie was America’s fastest-growing large city. Then the foreclosure crisis slammed it like a hurricane. Today it sits in one of the hardest-hit counties in the nation. Thousands of houses are empty or unfinished. Neighborhoods are littered with for-sale and foreclosure …
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Turn the foreclosure tables
Turn the foreclosure tables On Thursday, the Mortgage Bankers Association reported that Florida ranks third in mortgage delinquencies, second in foreclosures started and first in foreclosure inventory. At year’s end, 22 percent of mortgage borrowers were at least a month behind on payments. Everyone pays, directly and indirectly, for these often vacant, blighted foreclosed properties. …