News about properties and real estate
There’s a quiet building boom taking place in South Florida, but it’s nothing like the mid-decade condo rush that ended in an epic economic bust. The new towers going up today are not being built on the water for the affluent, but on the chipped sidewalks of gritty neighborhoods for the region’s poorest families. The …
Continue reading “Building boom in affordable housing underway in South Florida”
Partners in life for 13 years and now partners in a major house-building project, interior designer Sharon Nizolek and investment banker Guy Della Penna recently finished a beautiful coastal home in Sarasota. It reminds them so much of the shingle-style homes of Newport, Cape Cod, Kennebunkport or the understated mansions in the tony villages of …
Continue reading “Homeowners build their ideal Hampton house on Siesta Key”
Need some advice on dealing with a homeowners association? Is a short sale your best option for unloading your home? Lawyer and real estate consultant Gary M. Singer will answer your housing questions in this space each Friday. To ask Gary a question, click here. Q: I have a $42,000 mortgage at 8.726%. I want …
Continue reading “Underwater borrower should consider less traditional refinancing”
Orange is the only Central Florida county handling foreclosure-auction paperwork in a way that can allow sale prices to be artificially inflated, resulting in higher profits for investors while misleading new buyers and lenders. Officials on Friday were still trying to determine what was in it for the investors, who paid more documentary-stamp taxes on …
Continue reading “Orange foreclosure sales: inflated sales prices”
A South Florida homeowner who alleges the mortgage foreclosure action against him was tainted by fraudulent paperwork will have his case reviewed by the Florida Supreme Court, in a closely watched action that could reshape state law. The 4th District Court of Appeal had asked the state’s high court to decide the case as matter …
Continue reading “Homeowner’s foreclosure case alleging fraud heads to state’s high court”
Like Bird Key in Sarasota Bay, Country Club Shores on Longboat Key was a planned community. Developed during the 1960s by the Arvida Corp. to provide more homes on the water, it was built on dredged land in five phases. There are no through streets, so the neighborhood is quiet — an obvious plus to …