News about properties and real estate
Once high-flying South Florida developer’s properties now unfinished, derelict Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.” But the developer who once was one of the biggest names in high-end Fort …
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Buckley Towers wins $20M verdict [South Florida] A Miami federal court jury on Friday awarded Buckley Towers homeowners $20 million in their claim against global insurance giant QBE Insurance, one of the largest condo insurers in Florida. At issue was damage caused by Hurricane Wilma to the 40-year-old twin towers in North Miami. During the …
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Richard White: Remaining members are assessed for bad debt : Columns : Naples Daily News Q. When a unit is in foreclosure with no reasonable expectation of collecting monthly assessments or a special assessment, how is that unit’s shortage or a special assessment equitably charged to the remaining unit owners? For simplicity, suppose 10 units …
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Deciding To Rent Out Is Tough, But Spare Homes Pay Their Way Own a spare home? Many who do cash in by renting them out. Whether that’s personally worth it depends on circumstances, objectives, and changing wrinkles in the tax code. Physician Dorothy Dugger offered to rent out her home near Tampa, Fla., for the …
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PMI is not much help If homeowners have been dutifully paying mortgage insurance all these years, shouldn’t the mortgage industry be covered in case of disaster? Like now? Not so much, say industry professionals, who helped me sort out this strange conundrum. It’s strange because private mortgage insurance, or PMI, can be a large chunk …
WL occupancy suit’s fees turn to tenants Three Purdue University students who were part of a costly lawsuit over West Lafayette’s occupancy ordinance must now foot the bill for more than $52,000 in fines and legal costs. Jill Schuler, Kelly Underwood and Melissa Wood were among five women who lived in a rental home — …