News about properties and real estate
Goodbye, MetroWest — Hello, Veranda Park? [Central Florida] It is 20 years old and one of the most recognizable communities in Orlando, but MetroWest may soon get a new name. The 1,800-acre planned community will be renamed Veranda Park once a lavish $400 million town center of the same name is completed, according to developer …
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Housing sellers, buyers deadlock [Central Florida] There is a glut of homes on the cooling market, which is no longer seeing the high-speed sales of red-hot 2005. Home buyers and home sellers are in a virtual stalemate in Central Florida, with housing prices holding at lofty 2005 levels while more properties are hitting the market …
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Renters say they’re forgotten Katrina victims Like thousands of low-income people trying to stay in New Orleans, Russell Frays is worried about how he’s going to pay the rent. “We’re trying to figure it out, but we’ll have to make some adjustments,” he said. Congress has approved billions of dollars to help Louisiana homeowners who …
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Owner seeks way to regain possession of rental DEAR BOB: I gave my tenant the required notice to move, confirmed with a receipt of notice. She agreed to move out. But the unit is now locked, no one is there, and her car is parked in the driveway. I phoned several times, but no reply. …
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Sink or swim time for condo developers [South Florida] It’s sink or swim time for many condo developers throughout South Florida. Big, grand condo plans are hard to keep when the market appears to be positively FLEEING from real estate. And that was before Tropical Storm Alberto started the hurricane season off with a shudder. …
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Elton John sues over penthouse value Elton John has filed a lawsuit against the Fulton County tax assessors office, saying the county overvalued his penthouse condominium. The tax assessors office placed a value of $4.6 million on John’s 12,000-square-foot condo on Peachtree Street in Atlanta’s trendy Buckhead neighborhood. But that value is $900,000 too much, …