Home today, gone tomorrow? A Supreme Court ruling giving the government more power to take private land for economic development has property owners across the state on edge and lawmakers debating ways to rein in eminent domain It was a court ruling that spread fear and anger throughout the nation — the idea that government …
Category Archives: Legal
Loan of $159M Finances Multifamily Buy
Loan of $159M Finances Multifamily Buy The Bethany Group has acquired a portfolio of 2,873 apartment units in Florida, Texas and South Carolina from Aimco and has financed the purchase with a $159-million loan from GE Real Estate. Greg Garmon, CEO of Bethany, tells GlobeSt.com that the financing will go toward both the approximately $151-million …
Condo conundrum: Insurance costly, elusive
Condo conundrum: Insurance costly, elusive With two consecutive hyperactive hurricane seasons, local condo associations often find that their single biggest expense is hurricane insurance, not the cost of operating and maintaining their facilities. And even though Bradenton has been spared a direct hit the last two seasons, finding an insurance carrier willing to write a …
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Quiet title lawsuit can clear title of missing owner
Quiet title lawsuit can clear title of missing owner Seller’s absent boyfriend still on property title DEAR BOB: I am a real estate broker with an opportunity to obtain a listing on a beautiful house. But there is one little problem. The seller says her boyfriend moved out about 15 years ago and she hasn’t …
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Low-cost rentals evaporate, displacing seniors, disabled
Low-cost rentals evaporate, displacing seniors, disabled Waiting lists for homes, apartments grow as opportunities lag Ella Gerrity moved into a $160-per-month studio apartment at Imperial Towers when Jimmy Carter was president and Titusville had about 30,000 residents. She never dreamed that, at age 101, she’d be packing china and looking for a new apartment as …
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Warning: Flipping property isn’t as easy as it looks
Warning: Flipping property isn’t as easy as it looks You come home from a long day at work and, while channel surfing, you come across a show in which guys are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due. Wow. What’s more, they claim …
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