News about properties and real estate
Failure to fund board’s reserves could have future consequences Question: I live in a retirement condominium that is about 40 years old. Our county notified us that our condo must be inspected by an engineer to determine if it has construction deficiencies. The report indicated that our main problem was the roof. We recently started …
Continue reading “Failure to fund board’s reserves could have future consequences”
Loan renewals pose threat; one builder acts to force negotiation Unable to get bankers to renegotiate nearly $22 million in debt, Southwest Florida home builder Lee Wetherington has filed a legal action akin to a bankruptcy proceeding. Wetherington said that the filing, known as an “assignment for the benefit of creditors,” affects only the development …
Continue reading “Loan renewals pose threat; one builder acts to force negotiation”
Have a problem at your South Florida condo? Make sure you go about resolving it the right way A curious rooftop noise has kept Phyllis Howard from getting a good night’s sleep at her Tamarac condo for two months. Howard, 81, describes it as a recurring and irritatingly constant “bam-bam” sound akin to a coin …
First-time home buyer? You’re in luck Is now the time to buy a house in Central Florida? The answer to that question is hardly simple, given the prolonged housing slump and the nationwide recession. It also depends on a complex mix of personal issues and factors, including, of course, “The Fear Factor.” If you own …
Unpaid fees put Florida condo owners in foreclosure Sitting in her small condo in one of Tampa Bay’s biggest retirement communities as her hands tremble, a 75-year-old woman reads a letter threatening to put her out of her home. Like so many other Floridians, Ann Studen is facing foreclosure. But in her case, it has …
Continue reading “Unpaid fees put Florida condo owners in foreclosure”
Off The Wall [Manhattan New York] How weak is the Manhattan rental market these days? Well, if things keep going the way they have been, you might want to slip your next rent check inside a sympathy card before giving it to your landlord. According to numbers from the Real Estate Group New York, rents …