News about properties and real estate
Consequences to co-signing mortgage catch some by surprise DEAR BOB: My parents divorced in 1995. The judge gave the house to my mom, but she had to either sell it or keep it and refinance the mortgage. She wanted to keep the house. But she couldn’t refinance because her debt-to-income ratio was too high. So …
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Housing sellers, buyers deadlock [Central Florida] There is a glut of homes on the cooling market, which is no longer seeing the high-speed sales of red-hot 2005. Home buyers and home sellers are in a virtual stalemate in Central Florida, with housing prices holding at lofty 2005 levels while more properties are hitting the market …
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Owner seeks way to regain possession of rental DEAR BOB: I gave my tenant the required notice to move, confirmed with a receipt of notice. She agreed to move out. But the unit is now locked, no one is there, and her car is parked in the driveway. I phoned several times, but no reply. …
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Sink or swim time for condo developers [South Florida] It’s sink or swim time for many condo developers throughout South Florida. Big, grand condo plans are hard to keep when the market appears to be positively FLEEING from real estate. And that was before Tropical Storm Alberto started the hurricane season off with a shudder. …
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Sellers’ new math As houses stay on the market longer, nervous owners have begun dropping their prices. For four long months, there has been a “For Sale” sign in front of David and Jody Saltzman’s Malibu home. Located in Sea View Estates, on a cul-de-sac in a kid-friendly neighborhood with excellent public schools, the 3,100-square-foot …
Gut the house, not the relationship A year into their marriage last August , Paula Soares and Brian Zink decided to buy a 100-year-old condo in East Cambridge that needed a little work. They figured they could save money by doing the repairs themselves. But , as it goes with old houses in New England, …