News about properties and real estate
Toxic Reverse Mortgage Gobbles up a 94-year-old Widow’s Home Equity What’s the worst sort of real estate experience you can imagine? How about a mortgage that eventually eats your entire house — your entire equity stake — and leaves you penniless despite years of double-digit appreciation? That’s been the experience of Katharine Stephens of Brigantine, …
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Tampabay: Sale, or foregone foreclosure? They were behind on their mortgage payments. He said he was offering them a way out of trouble. But then he evicted them and made big profits. And they say that was his plan all along. Mary Ella Savage sat down at her dining room table one December day and …
Real estate wrangle snares homeowners Asset freeze halts construction To understand the impact of real estate investor Solomon Dwek’s multimillion-dollar financial troubles, look no further than Sam and Terry Nowell. The Ocean Township couple thought they had a solid deal to sell their Monmouth Road home to Dwek. Less than a week after they put …
Only a few ways to reverse action Homeowner makes big mistake when adding in-laws to title DEAR BOB: I bought a property, as a married man, as my sole and separate property under my name alone. Then I added my wife and the in-laws to the title. We refinanced and I signed a deed to …
Protecting your equity from lawsuit damages Southern California has become a land of paper millionaires, thanks to extraordinary housing appreciation. Nowadays, there’s more to lose if someone sues. Homeowner’s and auto insurance policies cover only so much. A major tragedy or catastrophic accident threatens a financial nightmare. What’s at stake? The biggest asset of most …
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Full-court press vs. poor tenants Landlord buys rundown buildings then goes after regulated apartments The Pinnacle Group LLC has filed more than 5,000 Housing Court eviction actions in the past two years, court records obtained by the Daily News show. That’s an average of one court action for every four units that the company owns …