News about properties and real estate
Learn How to Invest in Real Estate Through Your IRA Imagine you could use the money in your Roth IRA to invest in a rental house. When you sold, you’d be able to keep the proceeds without ever being taxed, and do the same thing all over again until you were stark raving rich. Well, …
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Developers rethink plans in slow market [South Florida] The music in the residential real estate market has stopped, but the players still are changing seats. Developers with unbuilt projects are weighing whether to sell, sit on or find some other use for their dirt. Rodolfo Gonzalez is an owner of three prime condo sites in …
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Sellers Struck When Prices Go Upside Down Every car dealer knows what upside down means: owing more on a car than it is worth. George Fischer of Sarasota — like many other would-be real estate sellers across Southwest Florida and the nation — is rapidly learning that the term can also apply to a home. …
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Quitclaim deed OK, but title insurance needed Sellers who are divorcing often use such a deed, but buyer needs to protect self with owner’s policy Q: We are trying to buy a house from a couple involved in a nasty divorce. They each have “street fighter” divorce lawyers who use one tactic after another to …
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Debts piling up in Husani’s wake [South Florida] Michael Tringali is having trouble making payments on the massive real estate-related debt he accumulated with help from his former partner, Neil Mohamed Husani. The 44-year-old developer and home builder missed several installments on a $7.3 million loan from Clearwater-based Mercantile Bank and a $4.9 million loan …
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Court, suspect reach deal [Massachusettes] Home loan scam alleged A Holden woman who is allegedly part of a massive mortgage-fraud scheme has agreed to let a title company have a $745,000 judgment against her. Stewart Title Guaranty Co. was seeking to have the woman, Jamie Brown, cited for contempt because, in her capacity as trustee …
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