News about properties and real estate
Debts piling up in Husani’s wake [South Florida] Michael Tringali is having trouble making payments on the massive real estate-related debt he accumulated with help from his former partner, Neil Mohamed Husani. The 44-year-old developer and home builder missed several installments on a $7.3 million loan from Clearwater-based Mercantile Bank and a $4.9 million loan …
Continue reading “Debts piling up in Husani’s wake [South Florida]”
Company’s sales pitch exploited link to Magic [Central Florida] Main Street USA implied team had association with investments The Kissimmee company whose owner sits in jail, accused of a multimillion-dollar real-estate fraud, misused its corporate sponsorship of the Orlando Magic to lure local investors to some of its sales presentations, Magic officials and others say. …
Continue reading “Company’s sales pitch exploited link to Magic [Central Florida]”
Condo Hotels Imagine a vacation home complete with 500-thread-count linens on plush mattresses, daily maid service, and a 30-treatment spa. Hotels have rolled out condos at an increasing clip over the last several years, tempting buyers with amenities, hassle-free ownership and the potential for regular rental income, all rolled into one sleek package with a …
How real estate debt can make you rich There are two primary reader audiences for “Real Estate Debt Can Make You Rich” by mortgage broker Steve Dexter. The first group of readers will be savvy home buyers and real estate agents who want to learn the inner-secret workings of the home mortgage industry. The second …
Renter’s insurance advised for scatterbrained cooks Must tenant without coverage pay for fire damage? DEAR BOB: I rent an apartment in a large complex. About six months ago, I accidentally let my dinner cooking on the stove get overheated. It caused a fire that resulted in about $15,000 damage to my apartment. Fortunately, nobody was …
Continue reading “Renter’s insurance advised for scatterbrained cooks”
Back to location, location, location [Southern California] The real estate boom endures in parts of the state, including cities east of San Francisco and some near L.A. The great real estate boom is dead. Buyers can check out dozens of houses without dreading that they suddenly will be priced out of a delirious market. Sellers …
Continue reading “Back to location, location, location [Southern California]”