Lawsuit pits 2 Gumbergs against brother A feud splitting one of Pittsburgh’s best-known real estate families went public this week as Andrew and Lawrence Gumberg filed a lawsuit accusing their older brother Ira of misappropriating millions from joint holdings worth $500 million. The two younger Gumbergs claim Ira Gumberg and Braddock Hills-based J.J. Gumberg Co., …
Category Archives: General
Banks in Jeopardy
Banks in Jeopardy Tens of millions of dollars in loans have gone bad at Southwest Florida banks during the real estate slump. Are those banks ready to handle them? Federal regulators are worried that some banks in Florida and across the nation may be ill-prepared to deal with their battered loan business. U.S. banks have …
Can Son Co-Own And Rent Florida Condo?
Can Son Co-Own And Rent Florida Condo? Q: I’m planning on acquiring rental property and my son is looking for a primary residence, so I’m going to buy a condo or villa in Florida and rent it to him. To attain owner-occupancy status, I intend to put both our names on the mortgage as Tenants-in-Common. …
Chapter 13 standoff thwarts foreclosure on St. Petersburg house for years
Chapter 13 standoff thwarts foreclosure on St. Petersburg house for years [Tampa Bay Area] With the economy tumbling, thousands of Floridians have filed bankruptcies in a last-ditch bid to keep their homes from foreclosure. Among them was 55-year-old Rose King. In the end, she was unable to save her home, but it certainly wasn’t for …
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HOA Lawyer In Risky Business
HOA Lawyer In Risky Business Bob Tankel wants you to know that he’s not Snidely Whiplash. As an attorney for more than 500 homeowners associations, Tankel is foreclosing on people’s homes for unpaid association dues with surprising frequency. Although some are investors, others live in the homes and lose them because of a few hundred …
Hard times for Merco Group [South Florida]
Hard times for Merco Group [South Florida] Starting with one earthquake-damaged building in downtown Los Angeles, the Meruelo family spent nearly four decades building a real estate empire stretching from California to Florida. But even as family-owned properties like the Grand Bay hotel in Coconut Grove and high-rise condominiums attest to the family’s success, the …
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