News about properties and real estate
Condo resorts: The good life can help generate a great income The sound of gentle Gulf waves washing ashore accentuates the tranquility of an early morning on the beach. The subtle shift of color and light is unique each evening as the crimson sun sinks into distant waves. These are the basics of a great …
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Sheila Bair’s Mortgage Miracle What do you do if you’ve spent your career encouraging mortgage loans to people who can’t repay them? Barney Frank’s answer is to grill federal officials on why they aren’t preventing foreclosures. Infuriated at the difficulty of modifying mortgages, the Beltway crowd doesn’t understand that such contracts weren’t designed to let …
Mortgage rates dip, but cash is still king The drop in mortgage rates during the past week is bringing out fresh buyers to a tired real estate market, but only a few of them are scoring. Rates hovering at 5.38 percent are drawing some fence-sitters with good credit who figure rates are not likely to …
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Even luxury real estate projects falling into foreclosure The rains fall on the just and the unjust. And foreclosures happen to the high end and mid-range of the real estate market. Earlier this month, Regions Bank filed a foreclosure lawsuit against Polo Field Estates LLC, developer of the luxury Azura community in suburban Boca Raton. …
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O.C. house prices seen rising in 2013 [Southern California] From where Evan Gentry sits, Orange County’s housing market looks pretty grim. Gentry, 37, heads Ladera Ranch-based G8 Capital, a company he founded last year to invest in troubled loans and foreclosed homes. As someone who constantly looks at the things lenders are trying to ditch, …
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New-home prices keep falling in Orange, Osceola, Seminole [Central Florida] Prices for new single-family homes in the Orlando area continue to fall and will likely keep falling for months to come, according to the latest report by Charles Wayne Consulting Inc. in Maitland. The average price paid for a new production-built home — not a …
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