More couples taking home-buying leap The National Association of Realtors says unmarried couples buying a home together are the second fastest growing segment of American home buyers. In 2007, unmarried couples accounted for 7 percent of all home buyers. Their average age was 32 years old, which makes them the youngest of all first-time home …
Category Archives: General
Houses sold for just $100! But banks’ deals short taxes
Houses sold for just $100! But banks’ deals short taxes Hundreds of houses in Greater Orlando are bought each week for just $100 apiece — even in upscale subdivisions such as Baldwin Park. But don’t run to the ATM just yet. There’s a catch. The bargain prices only benefit the banks foreclosing on the properties. …
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Arena developer angling for time [South Florida]
Arena developer angling for time [South Florida] The company behind the partially built arena in Lakewood Ranch has sought Chapter 11 bankruptcy protection in a move company officials say will buy them time to find financing and jump-start the stalled project. The filing Friday by DVA Arena led to cancellation of a foreclosure sale of …
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Local men charged in $83M bank fraud [South Florida]
Local men charged in $83M bank fraud [South Florida] Three Sarasota men and one from Tampa are facing numerous federal charges that they bilked banks out of almost $83 million on several land sales in Manatee and Sarasota counties. A federal grand jury in Tampa has returned a 47-count indictment against Neil Mohamed Husani, 38; …
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Mortgage failures up as home prices fall – 07/25/2008 – MiamiHerald.com
Mortgage failures up as home prices fall As the economy worsened in June, the number of homeowners behind on their mortgages nearly doubled, contributing to prolonged pain for the South Florida housing market. Meanwhile, interest rates on home loans soared this week to their highest point in a year, meaning borrowers looking to buy a …
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Charity house
How gifting real estate into a trust can set up your retirement Question: Wow! Do I wish I could talk to that family (in your April 3 column)! I just assisted a couple with a charitable remainder trust that saved all the capital gains on a $1.2 million dollar home, gave them $600,000 in cash …