News about properties and real estate
Call from God has investor selling on a prayer While the majority of his brethren rejoice in a market downturn that would allow them to buy properties at bargain prices, Powell is praying to sell his holdings in Fort Lauderdale and Lauderhill. The timing couldn’t be worse, and he knows it’ll take nothing short of …
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Maitland may OK rentals instead of condos [Central Florida] City leaders did not imagine a downtown full of apartments when they were planning their upscale city center. They spent years vetting plans to replace old and shuttered storefronts on U.S. Highway 17-92 with more profitable shopping plazas, office buildings and upscale condominium complexes. Yet they …
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44 Whitehall condos sell fast [Columbus Ohio] A portion of Whitehall’s most rundown housing complex was auctioned off yesterday, leaving real-estate investors smiling as they snatched up condominiums for the price of a used car. It’s not often you can find a three-bedroom, one-bathroom condo for $13,738. But this is Woodcliff Condominiums, the complex near …
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Mortgage payoff on steroids When Stockton resident Kevin Byrd refinanced his mortgage a couple of years ago, he figured he’d need the full 30 years to pay off more than $300,000 in debt. Now he expects to get it done in just 10 years. Or less. Byrd, 50, is employing a system called an accelerated …
Foreclosure crisis hits home for Ann Arbor area residents Any day now, an eviction notice will be posted on the front door of Martha Behnke’s Pittsfield Township home. “It’s very scary,” she said. “I don’t know what to do next. I’m like a top that’s spinning, and when I stop, God only knows where I’ll …
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Call this home loan the last resort, not a ticket to a resort Seniors don’t have to look farther than the TV or their own mailboxes to find somebody selling a way to dig out of trouble, or foreclosure, with a reverse mortgage. And the marketing is going to get more intense. Big players like …
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