News about properties and real estate
Sketchy lending practices forcing many from their homes [South Florida] By the time Winston Williams filed for bankruptcy, one of his two mortgage lenders had, too. Then, by the time the Riviera Beach man was ordered to pay more than $126,000 to stave off foreclosure, his other lender had agreed to pay millions to settle …
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Sellers’ new math As houses stay on the market longer, nervous owners have begun dropping their prices. For four long months, there has been a “For Sale” sign in front of David and Jody Saltzman’s Malibu home. Located in Sea View Estates, on a cul-de-sac in a kid-friendly neighborhood with excellent public schools, the 3,100-square-foot …
Conversion delays ending for Boca, Palm Beach condos [South Florida] Condo converter Ceebraid-Signal promises progress in two of its troubled projects, both of which have experienced significant delays and been the subject of liens and lawsuits. Company officials say they will resume work on the long-delayed Eden Condominium project in Boca Raton next month.
Messy paper trail leads to trouble with refinancing Refinancing a mortgage four times in a year creates enough stress. Add title problems, and you can hardly bear the anxiety. It happened to Apurva Pande and his wife, Chinmaya Misra. Both are architects in Los Angeles, and they bought a house three years ago. The house …
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No vacancy is a sign of the times for offices, apartments in S. Florida [South Florida] If you’re looking for an office, apartment or warehouse, be patient. It could take awhile. Broward and Palm Beach counties sport some of the lowest vacancies nationwide in those three real estate sectors, according to a study released this …
Apartments turned into condos now a tough sell [Pheonix Arizona] Developers are delaying or dumping plans to convert some Phoenix-area apartment complexes into condominiums. A year after they pulled more than 7,000 apartments off the market, condo converters are finding that buyers in many areas are not interested in paying top dollar for a refurbished …
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