News about properties and real estate
How To Make More Money with My Real Estate Investments Dr. Morgan has owned the 10 thousand square foot strip center at the corner of Cornell and Baseline in Portland for 20 years. His father helped him buy it and over the years deeded his interest to the good doctor. His kids are all grown …
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Developer active in Florida has a cash crunch [South Florida] Even as the condo market flattened in 2006, Cay Clubs sold more than $300 million in condos in a portfolio stretching from Crested Butte, Colo., to Marathon. Last year’s profit: $46 million. Now the company says it’s in a cash crunch, without enough money to …
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Plans for early retirement, paying off home get some fine-tuning The north Clairemont resident says her plan is to start paying more each month on her $1,200 mortgage so she’ll be left with only a few, less costly, living expenses to cover when she retires in five years. She’ll also be left with the time …
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Millions spent on Longboat resort [South Florida] When Longboat Key Club General Manager Michael Welly addresses the resort’s condo owners at the group’s Aug. 17 annual meeting, he will likely focus on the slew of upgrades that have been made in the recent past. It is both a good story for him to tell and …
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Bringing down the house [South Florida] Briefly this summer, a mansion in the estates section raised the question of what the town might do to protect a house that, while well-designed, is not old enough to be landmarked. With no procedures in place for the Architectural Review Commission to deny demolition of the 1993 home, …
Facing foreclosure? Consider a ‘short’ sale It’s often the better option for an owner than foreclosure — but there are pitfalls, including tax liability. Selling “short” is an alternative to foreclosure that has been gaining popularity as more homeowners default on their mortgages. Susan M. Wachter, a professor of real estate, finance and city and …
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