News about properties and real estate
Suffering St. Lucie County called a ‘disaster’ area With unoccupied homes and families in distress, a St. Lucie County leader wants to declare a state of emergency to release $17.5 million in reserve funds. The Baehrs — Derek, Kellyanne and their two young daughters — are five months behind on their mortgage payments. They sometimes …
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In Florida, Despair and Foreclosures Desperation has moved into this once-middle-class exurb of Fort Myers, where hammers used to pound. Its straight-ahead stare was hidden amid the chatter of 221 families waiting for free bread at Faith Lutheran Church on a recent Friday morning; and it appeared a block away a few days earlier, as …
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Local company finds stability dodging bubbles In a state notorious for asset bubbles, quick money and grand dreams, Bill and Joan Clark are decidedly out of place. Masters of discipline, they built a real estate empire over decades, focusing on safety and income —- and using almost no debt. Bill Clark will retire next week …
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Foreclosures bringing bad debt Q:As you know, many associations are dealing with the impact of some residents’ inability to pay assessments. Many owners are facing foreclosure. As a result of the rules governing foreclosures, for the first time our association expects to incur some bad debt expenses this year. Do you have any advice on …
Builder files lawsuits in Chinese drywall case Lennar Corp. has filed a major lawsuit against a lengthy list of manufacturers, suppliers and installers whose products or services were used by the company in the construction of its homes carrying Chinese drywall. The suit from the Miami-based home builder over the drywall issue comes on top …
Condo King Corus Weighs Its Options The bank that funded a big part of the condominium boom is considering selling all or part of itself as rising defaults force it to seek capital. Corus Bankshares Inc., a symbol of the exuberance for glass-and-steel condo towers from Miami to Los Angeles, reported a $260.7 million quarterly …