News about properties and real estate
J.P. Morgan Chase and GMAC Mortgage halt sales Homeowners facing eviction due to foreclosure proceedings can rest easier for the moment. Following several adverse court decisions throughout the country and the Florida Attorney General’s well publicized investigation into the Florida Default Law Group, the Law Offices of Marshall C. Watson, P.A.; the Law Offices of …
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Special districts struggle against tide of defaults [South Florida] Waterlefe Golf and River Club developer WCI Communities Inc. went bankrupt in the thick of the real estate bust, leaving residents promises that no drastic changes would occur. That didn’t prove to be exactly true. Waterlefe’s golf course was built in 1999 with a $9.5 million …
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Homeowners who have spent months trying to work with their mortgage provider to avoid foreclosure are increasingly confused and frustrated. “I’m madder than hell,” said Alma Miller, 82, who has tried for months to get a loan modification on her Santa Rosa home. “They’re just playing games with me.” Miller’s anger is shared by a …
China is set to see a wave of demand for quality commercial real estate as insurance companies are allowed for the first time to invest in the sector, real-estate consultancy Jones Lang LaSalle Inc. Chief Executive Colin Dyer said Monday. In August, China’s insurance regulator announced a long-awaited revision to its rules, allowing insurance companies …
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Condo security: South Florida HOA to use fingerprinting device for access to clubhouse, block access to delinquents – South Florida Sun-Sentinel.com Several weeks ago, Lynn Penedo’s condominium association installed an electronic fingerprint-scanning device outside her building’s multimillion-dollar community clubhouse. Now she refuses to use it because she fears identity theft.The association says it’s all about …
Good news, bad news on foreclosures Banks are repossessing distressed homes at an increasingly fast pace, but fewer homes are falling into delinquency, a sign that the region’s foreclosure crisis has entered a new phase. In August, lenders reclaimed 4,417 homes in South Florida, up 96.7 percent from the same month last year when banks …