Lifelines for Those ‘Underwater’ AS property values in the New York area slide, more borrowers are finding themselves “underwater,” which means they owe more than their homes are worth. Skip to next paragraph More Mortgage Columns Now the government is throwing a lifeline to such homeowners, along with similar borrowers nationwide. This month, the Federal …
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Bidding wars break out on homes under $200,000
Bidding wars break out on homes under $200,000 [South Florida] Bidding wars are returning to South Florida’s housing market, as investors and first-time buyers compete for homes and condominiums listed at $200,000 or less. The race for properties is reminiscent of the boom years from 2000 to 2005, when multiple offers on all types of …
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Association must lien and foreclose to get unpaid fees
Association must lien and foreclose to get unpaid fees Question: I have three condominiums in different locations. One is paid for, which is my residence, and the other two are rentals that are upside down with the current real estate market. I stopped paying the mortgages and HOA dues on the rentals two months ago. …
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Tampa entrepreneur’s mortgage lending gamble paying off
Tampa entrepreneur’s mortgage lending gamble paying off What are the odds of winning in a ravaged industry like mortgage lending, especially when you name your fledgling company after one of the biggest lenders to melt down in the Southeast? For longtime banker and avid thoroughbred racehorse owner Jerry Campbell, that gambit has paid off like …
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Q&A with Jared Dalto [South Florida]
Q&A with Jared Dalto For Jared Dalto, West Palm Beach’s true deals are in the short sales, where investors and owner-occupants are snapping up properties faster than ever. Dalto sees the current market as a once-in-a-lifetime period to buy and says that people will look back at this time and wonder what they didn’t purchase …
Home Prices Rise in California Again
Home Prices Rise in California Again California’s median price for an existing single-family house rose for the third straight month, a sign that the state’s battered real-estate market may be bottoming out. The median sales price increased to $267,570 in May for a California home, an increase of 4.2% from April, according to a report …