News about properties and real estate
Sellers furious after buyers cancel deal, pocket deposit DEAR BOB: We put our home up for sale in early October. Within a week, we signed a sales contract with buyers. Eight days later, the buyers backed out, stating they changed their minds. We opted to keep their $2,500 earnest money deposit. But we discovered the …
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Company’s sales pitch exploited link to Magic [Central Florida] Main Street USA implied team had association with investments The Kissimmee company whose owner sits in jail, accused of a multimillion-dollar real-estate fraud, misused its corporate sponsorship of the Orlando Magic to lure local investors to some of its sales presentations, Magic officials and others say. …
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Condo Hotels Imagine a vacation home complete with 500-thread-count linens on plush mattresses, daily maid service, and a 30-treatment spa. Hotels have rolled out condos at an increasing clip over the last several years, tempting buyers with amenities, hassle-free ownership and the potential for regular rental income, all rolled into one sleek package with a …
How real estate debt can make you rich There are two primary reader audiences for “Real Estate Debt Can Make You Rich” by mortgage broker Steve Dexter. The first group of readers will be savvy home buyers and real estate agents who want to learn the inner-secret workings of the home mortgage industry. The second …
Trailer park sold, but no big changes planned — yet [South Florida] The owner of a dilapidated trailer park has sold the property to pay off her debts. Though nothing is changing for now, the new owners said they will consider building low-income housing on the site in the future. Little Farm Trailer Park, a …
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Renter’s insurance advised for scatterbrained cooks Must tenant without coverage pay for fire damage? DEAR BOB: I rent an apartment in a large complex. About six months ago, I accidentally let my dinner cooking on the stove get overheated. It caused a fire that resulted in about $15,000 damage to my apartment. Fortunately, nobody was …
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