News about properties and real estate
Fisher Island, haven of the rich, experiences dose of reality [South Florida] Once the priciest ZIP code of all, Fisher Island has had foreclosures and falling values. But residents see sunshine on the horizon. Two years ago, tony, secluded Fisher Island was perched atop a lofty list: America’s most expensive postal zone. With a median …
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Investors buying lots in North Port again [South Florida] Building lots are beginning to sell again, and some are being bought and resold for quick profits by investors from foreign lands. Take Land Investors Corp., for example. This Swiss company, based in Geneva, has purchased 39 lots in North Port for an average of $3,400 …
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Home Front: Condo renter beats bureaucracy to win battle to buy Happy endings are rare in the midst of a housing meltdown. But today Donna McCain at last sits in her own home near Sacramento, a condo she rented for five years and tried for 18 months to buy. “What a gift. What a gift,” …
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Being in large amounts of debt is not always a bad thing, particularly if you feel you will easily be able to repay it in the future, but the truth is most people get into problematic debt because they haven’t thought about it carefully enough. With credit being readily available, even after the credit crunch, …
Appraisers say cheaper valuations open door for short-sale abuses A run-up in housing prices contributed to the downfall of real estate, but now some appraisers fear low-ball valuations could lead to the next market muddle. They say a new federal rule to speed up short sales will increase banks’ reliance on broker price opinions — …
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Ask a real estate professional: Why can’t I get flood insurance? Q: My bank just informed me that my loan has been approved. But I can’t close because I don’t have flood insurance for the property, which happens to be in a flood zone. How can this be? Isn’t this something I can get later …
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