News about properties and real estate
Official knee-deep in debt [Tampa Bay Area] Already facing the challenges of a lengthy 2008 presidential ballot, the retooling of his office’s voting system and his own re-election campaign, Hillsborough Elections Supervisor Buddy Johnson has chosen this year to revamp entirely his finances and his living arrangements. In the last eight months, he has sold …
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Home appraisals defy the market [South Florida] Despite a collapsing real estate market, appraisers determined that the value of a surprising 48 percent of homes actually went up in Manatee, Sarasota and Charlotte counties. In Manatee County, 85 percent of single-family homes built before 2006 rose in value, while 39 percent of similar properties in …
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Home buyers wait years, but lots are still empty Minh-H-Nguyen and her husband, Ha Ngoc Nguyen, took out a loan for a down payment on a “dream home” in Lake County two years ago after being dazzled by pictures of a sprawling house with a screened pool. “The dream has not come true,” said Minh-H-Nguyen, …
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Investor sues to bail out of four WCI condos A Virginia investor who bet on South Florida’s condo market in headier days is trying everything he can to get out of contracts on four Singer Island units and recover about $1.6 million in deposits. John Cherin has filed three federal lawsuits against Bonita Springs-based WCI …
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Entrepreneurs must pay $1.9 million Jury says couple who lost their building and businesses must honor guarantees they made to pay business debts Carolyn Waygood’s string of bad luck keeps extending. First she lost the 40,000-square-foot retail center she built on the Manatee River to foreclosure. Then she and her husband were evicted from their …
Retail builders feel credit pinch [Central Florida] The credit crunch triggered by subprime home mortgages gone bad has spilled into the retail shopping center industry. The word of tighter lending restrictions spread Monday among 5,500 retailers and developers gathered at the International Council of Shopping Centers’ annual Florida Dealmaking Conference in Orlando. The news came …
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