Protections failing time share buyers Sales unchecked by complaints, lawsuits South Carolina has more time shares than every U.S. state except Florida, but the agency that regulates the industry has been hamstrung by budget cuts and now only has one person assigned to time share complaints. Despite 32 pages of laws on time shares, South …
Category Archives: Legal
Buyers in a bind
Buyers in a bind After struggling home builder Jade Homes suddenly closed its doors last month, buyers of about 75 homes found themselves in difficult straits. Ali Alshalkmi is a Tampa businessman who bought 10 homes at a total cost of about $3 million for himself and members of his extended family. He deposited $200,000 …
One year later, many New Orleanians unable to find affordable insurance
One year later, many New Orleanians unable to find affordable insurance Attorney Vallie Schwartz fell in love with the 130-year-old Victorian shotgun in the French Quarter, which like all grand houses in this former Spanish enclave has tall, cathedral ceilings and brightly painted cypress shutters. A successful personal injury lawyer, she could comfortably afford the …
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Judge: Brasota ‘tricked’ investors
Judge: Brasota ‘tricked’ investors Paperwork worthless in recovering claims after company’s fall Mayez Zeine sold his business and invested a large chunk of the proceeds in the stock market. He invested some more in Brasota Mortgage Co. The Sarasota man who is legally blind told his daughter about the company. She invested, too.
Delays at Eden condos in Boca spur suit
Delays at Eden condos in Boca spur suit More than two years after Sherri and Neil Eisner signed a contract to pay $475,000 for a Boca Raton condo, their unit still isn’t finished. The frustrated couple asked the developer, Ceebraid-Signal of West Palm Beach, for their 10 percent deposit back. The developer refused, so the …
Elderly couple debates paying off $100,000 mortgage
Elderly couple debates paying off $100,000 mortgage Should money be used for emergency or low-rate loan? DEAR BOB: We have learned so much about real estate over many years from your articles. But now we need your advice. I am 72. My wife is 65. We have $160,000 in three-month T-bills. Should we use that …
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