News about properties and real estate
‘Short sales’ help Hawaii homeowners get rid of their houses to avoid bankruptcy When Aloha Airlines shut down a year ago, Ron Verderame knew he had to escape the weight of a hefty year-old mortgage. The pilot faced a slumping real estate market and bleak job prospects, but finally, after trying for seven months to …
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Condos forced to revert to apartments to survive [North Florida] When a developer converts a building into condominiums, it’s taken as a sign of prosperity and success. And when the wheels fall off the real estate market and condominiums languish back into apartments, it’s the opposite. Those condominiums are “fractured.” In Jacksonville, more condominium owners …
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Miami Condo Colossus Is Monument to Excess Icon Brickell, a new condominium complex in downtown Miami, was intended to be Jorge Perez’s answer to the Time Warner Center, the massive mixed-use building developed in Manhattan by his longtime business associate, Stephen M. Ross. Mr. Perez, the chairman of the Related Group (an affiliate of Mr. …
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Turn the foreclosure tables On Thursday, the Mortgage Bankers Association reported that Florida ranks third in mortgage delinquencies, second in foreclosures started and first in foreclosure inventory. At year’s end, 22 percent of mortgage borrowers were at least a month behind on payments. Everyone pays, directly and indirectly, for these often vacant, blighted foreclosed properties. …
Tell Us Your Real Estate Story After months of serious searching I closed Thursday on a home I’m planning to rent out. I paid $125,000 for a house that sold four years ago for $355,000. If you’re thinking about buying a bank-owned home I’ve learned a few things. One is that good ones go fast …
Lawmakers look for ways to aid condo associations Harvey Berman, president of Royal Oaks condominium in the California Club area of Miami-Dade County, takes a lot of flack from dues-paying residents in his building who are peeved about other owners in foreclosure and behind on their association fees. ”A man has been in a unit …
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