News about properties and real estate
Homeowners warned about foreclosure ‘rescue’ scams Kurt Hilderbrand worked hard for a decade to make his monthly mortgage payments, but a recent failed business dealt him the final blow: He was six months behind on payments and weeks away from losing his three-bedroom house. That’s when the “foreclosure rescue specialists” began circling. They hounded him …
Continue reading “Homeowners warned about foreclosure ‘rescue’ scams”
Soft market teaches flippers an ever-so-humble lesson Investing in real estate looked so sexy. Like the tech-stock bubble that turned college kids and housewives into day traders, the real estate boom turned insurance brokers, doctors and bicycle mechanics into real estate flippers, who would buy and then quickly sell homes for easy profits. Now those …
Continue reading “Soft market teaches flippers an ever-so-humble lesson”
Planners OK replacing apartments with condos The developer is cutting back and delaying his plans because of the slumping real estate market. More than three decades after Gary Boruff became a landlord in Venice’s apartment district, his last tenants have been moved out and his rentals, which recently went for as little as $450 per …
Continue reading “Planners OK replacing apartments with condos”
Life Difficult for Apartment Owners, Tenants When Jennifer and Terry Balvin first met, Terry owned a house. But after they married, the Balvins chose to live in her apartment at Martin’s Landing in South Lakeland. “He is always telling me of the costs and hassles of just going through the purchase of the house — …
Continue reading “Life Difficult for Apartment Owners, Tenants”
Remembering Peter Tosh Fourteen years before the devastation in New York City, Jamaica, and indeed the world, suffered a loss, though clearly not of the same magnitude, when reggae revolutionary Peter Tosh was brutally murdered at his home in Barbican, Kingston by gunmen. Also killed on that fateful night, was Wilton ‘Doc’ Brown, a herbalist …
Escrow Bomb ticking in S. Florida You’d be smart to keep a close eye on that escrow account attached to your mortgage. There’s a good chance many Florida property owners won’t have enough money squirreled away this year. Escrow is money held for future obligations. Every month most homeowners pay principal and interest due on …
Continue reading “Escrow Bomb ticking in S. Florida: South Florida Sun-Sentinel”