News about properties and real estate
Lawsuit charges that Fort Lauderdale developer sold undersized condos [South Florida] A Fort Lauderdale real estate agent is suing the developers of the Las Olas River House luxury condominium, saying they cheated her out of living space. Rebecca Riley said she bought a 2,600-square-foot condo last year from Tarragon Corp. and Omni Development Corp. But …
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Homeowners warned about foreclosure ‘rescue’ scams Kurt Hilderbrand worked hard for a decade to make his monthly mortgage payments, but a recent failed business dealt him the final blow: He was six months behind on payments and weeks away from losing his three-bedroom house. That’s when the “foreclosure rescue specialists” began circling. They hounded him …
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Life Difficult for Apartment Owners, Tenants When Jennifer and Terry Balvin first met, Terry owned a house. But after they married, the Balvins chose to live in her apartment at Martin’s Landing in South Lakeland. “He is always telling me of the costs and hassles of just going through the purchase of the house — …
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Escrow Bomb ticking in S. Florida You’d be smart to keep a close eye on that escrow account attached to your mortgage. There’s a good chance many Florida property owners won’t have enough money squirreled away this year. Escrow is money held for future obligations. Every month most homeowners pay principal and interest due on …
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Citizens deficit to cost all homeowners [Florida] All Floridians with homeowner insurance policies will have a one-time charge tacked on their annual premiums to help cover Citizens Property Insurance Corp.’s $1.7 billion deficit from 2005, officials with the state-backed insurer decided Thursday. And Citizens’ board will meet next month to consider another extra charge for …
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Dreams ruined, he walks mortgage plank Finally able to speak, he apologized profusely through his tears, saying it had just sneaked up on him, that he hadn’t done such a thing in a long time. I told him to forget it. His is among the heart- rending stories being told often in Colorado these days. …