News about properties and real estate
Apthorp Rentals Raise Questions [New York City] Some recent condominium buyers at Manhattan’s famed Apthorp building are looking to rent their newly purchased apartments, a move that may conflict with their signed declarations to use the apartments as their own residencies. The effort by some owners to rent out their condos could spark additional scrutiny …
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Study: Nearly a quarter of all U.S. foreign buyers choose Florida International buyers have helped buttress Florida’s real estate market with 22 percent of all foreign clients nationally choosing property in the Sunshine State. That makes Florida tops for attracting foreign interest, according to a summer report by the National Association of Realtors. California came …
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Walking away from your mortgage isn’t risk free For underwater homeowners who think they’ve found a solution to their predicament–stop paying the mortgage and remain in the house until they are forced out by foreclosure–the consequences of such a decision are not as simple as they may seem. The short-term advantages of a “strategic default” …
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Homeowner fees ‘like extortion,’ homeowner says. Two days before closing on a house, Eugene Vrooman got bad news: If he didn’t come up with $14,000, the homeowners association wouldn’t allow his deal to go through. In addition to unpaid assessments, the Bridgewater Community Association demanded money for cosmetic repairs to the home, which had been …
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Governments, community groups to get first crack at foreclosed homes. Cash investors hunting for abandoned and foreclosed properties will take a back seat to buyers using federal housing money under an "unprecedented" agreement with the nation’s largest private lenders. The "First Look" program, announced Wednesday, gives local governments and community groups using Neighborhood Stabilization money …
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Israelis, Venezuelans buy condos as homes, investments. Many of the international buyers scooping up condos in South Florida’s top bayfront communities are buying to occupy part-time, brokers say, but many would consider a future sale at a profit. Where these buyers decide to purchase depends in part to the condominium’s location, as some are more …
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