Condos squeeze deadbeat residents Rosa Mendoza’s upstairs neighbor quit making his condo association payments almost a year ago. He bought another home and let his unit slide into foreclosure. What irks Mendoza — no, infuriates her — is that, as the foreclosure process drags on, the neighbor continues using the Miami Beach condo as a …
Category Archives: Investment Tips
Palm Beach Projects in Distress [South Florida]
Palm Beach Projects in Distress [South Florida] In further evidence that the wave of foreclosures against large residential projects in South Florida is far from over, lenders have moved to foreclose on two prominent projects in Palm Beach County. Country Lake at Palm Beach, a local rental complex, has been hit with a $19.5-million suit, …
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Keep up with your homeowner’s insurance [North Florida]
Keep up with your homeowner’s insurance [North Florida] The Big One won’t hit this year. Will it? Northeast Florida has been spared from a direct hurricane hit since Hurricane Dora in 1964, but there’s always a possibility the region’s luck will run out in a new hurricane season. Given the threat, an annual checkup of …
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A homebuyer’s market, but caution still rules – OregonLive.com
A homebuyer’s market, but caution still rules The spring buying season has started, and the numbers – surprise – don’t reveal many sunny story lines. Yes, the falling prices can mean bargains for investors fat with cash. And first-time homebuyers have begun poking around, enticed by low interest rates and an $8,000 federal tax credit. …
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Amid Rubble of Housing Bust, Phoenix Begins a New Frenzy
Amid Rubble of Housing Bust, Phoenix Begins a New Frenzy Every weekday morning, Lou Jarvis drives the sun-baked suburban streets looking for investment gold: a family that will lose its house in a foreclosure auction within a few hours. If the property looks promising, Mr. Jarvis puts in a bid on behalf of any of …
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Big dreams for hotels are falling flat
Big dreams for hotels are falling flat After the residential real estate market peaked in the summer of 2005 and the commercial market began to cool a year later, hotels enjoyed a brief period in which they were viewed as the hottest commodity in a rapidly shrinking real estate world. Developers of all dimensions announced …