News about properties and real estate
Need some advice on dealing with a homeowners association? Is a short sale your best option for unloading your home? Lawyer and real estate consultant Gary M. Singer will answer your housing questions in this space each Friday. To ask Gary a question, click here. Q: I have a $42,000 mortgage at 8.726%. I want …
Continue reading “Underwater borrower should consider less traditional refinancing”
Orange is the only Central Florida county handling foreclosure-auction paperwork in a way that can allow sale prices to be artificially inflated, resulting in higher profits for investors while misleading new buyers and lenders. Officials on Friday were still trying to determine what was in it for the investors, who paid more documentary-stamp taxes on …
Continue reading “Orange foreclosure sales: inflated sales prices”
A South Florida homeowner who alleges the mortgage foreclosure action against him was tainted by fraudulent paperwork will have his case reviewed by the Florida Supreme Court, in a closely watched action that could reshape state law. The 4th District Court of Appeal had asked the state’s high court to decide the case as matter …
Continue reading “Homeowner’s foreclosure case alleging fraud heads to state’s high court”
Beginning April 18, unemployed and underemployed struggling Volusia and Flagler county homeowners have a new program that could help them avoid foreclosure and stay in their homes. The Florida Housing Finance Corp. announced Tuesday that it will begin accepting aid applications statewide April 18 for the Florida Hardest Hit Fund program. The U.S. Treasury Department …
Continue reading “Program to help hard-hit homeowners to launch”
Terry Dykhouse is a tax guy who knows the rules, so based on the first set of rules that rolled out of Washington, he did all he could to close on the purchase of his newly constructed home in Rochester Hills, Mich., by Dec. 31, 2008. He got his tax credit. But if he had …
The city could be on the hook for millions of dollars in damages for denying a developer’s 2004 plans to build a condominium tower along Bayshore Boulevard. On Wednesday, the 2nd District Court of Appeal reversed a lower court’s rejection of a lawsuit filed by Citivest Construction Corp., ruling that the case can move forward. …
Continue reading “Court: $10 million developer’s suit against Tampa can move forward”