Plans for a beachside RV park have riled up a bunch of condo owners at Boardwalk Beach Resort. “They caught everybody off guard,” condo owner John Bienkowski said Wednesday. “I think a lot of people felt blindsided by this.” A rezoning request by Resort Hospitality Enterprises placed on Monday’s agenda of the city Planning Board …
Category Archives: General
Rental income may not help refinancers qualify for mortgage
The common myth among refinancing homeowners is that the mortgage industry will count the rental income they are receiving from their homes. In fact, rental income will not count toward the borrower’s qualifying income, even though the homeowner is reporting it on his tax returns, unless the subject property is a legal and conforming multi-unit …
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New owners DiTommaso, Warren complete 250 Royal Palm Way renovation
When the office building at 250 Royal Palm Way came on the market in a 2010 foreclosure sale, Anthony DiTommaso and Rusty Warren, co-CEOs of Ivy Equities, saw an opportunity they couldn’t pass up. The Greenwich, Conn.-based executives, whose firm Ivy Realty, is headquartered in Montvale, N.J., entered a market they had set their sights …
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Builder moves on to a new enterprise
Mercedes Homes LLC, for nearly 30 years one of Brevard County’s most prominent home builders, is ending operations two years after filing for Chapter 11 bankruptcy. An outside executive management team brought in by the consortium of leading creditors from the bankruptcy case recently took over operations of the Suntree-headquartered company and announced its intentions …
Inheritance poses investment possibilities and puzzles
When his father died last summer, editor and tax preparer Danny Marcus found himself faced with an unexpected problem: figuring out what to do with his inheritance. Marcus, 60, was both thrilled and overwhelmed by the possibilities. Should he pay off the mortgage? Buy a condo in Florida? Save more for his retirement? And if …
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How much does it really cost to rebuild your home?
Some homeowners have had to beef up the amount of property insurance they buy to cover what they say are inflated cost estimates to rebuild their homes. It’s a double whammy for homeowners because for many, rebuilding costs didn’t go down when the economic downturn lowered construction costs over the past few years. Take John …
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