News about properties and real estate
Callery-Judge Grove, founded in western Palm Beach County in 1964, is being sued for more than $37 million in a foreclosure filed in Palm Beach County Circuit Court. The lawsuit filed Friday alleges that Callery-Judge Grove Limited Partnership, CJC Management LTD. and Managed Citrus owe Prudential Industrial Properties LLC $37 million in mortgages plus $8.7 …
Continue reading “Historic Callery-Judge Grove in foreclosure”
As part of a new national hunt for gift tax evaders, the Internal Revenue Service has asked a federal court for permission to order a California state tax agency to hand over its computer database of everyone who transferred real estate to relatives for little or no consideration from 2005 to 2010. If granted, the …
I bought a house over a year ago with a balloon loan that comes due later this year. I had to get this loan because I cosigned a loan for a friend and she missed some payments. At the time, this was the only loan I could get. After I closed on my loan, my …
Late last year you caught a break. Congress reached a deal that extended the Bush-era tax cuts for two years and renewed perks like the sales tax deduction and the tuition write-off for non-itemizers. Through 2012, the top marginal income tax rate will continue to be 35%, and you’ll keep paying just 15% on long-term …
Continue reading “Answers to tax questions about homebuying”
Ottawa-based Claridge Homes built the oceanfront Sonata Beach Club, a 64-unit luxury condominium building. Its suites, which are named after composers like Bach and Mozart, range from 2,763 square feet to 3,090 square feet. According to a media report, Claridge only sold 34 of those units and, in 2009, was the subject of a foreclosure …
Continue reading “Heafey picks up Claridge-built Florida condos”
The many woes of Florida’s housing market are well-known: hundreds of thousands of foreclosures, millions of underwater mortgages and a four-year trail of depreciating property values. Florida lawmakers, handicapped by a $3.6 billion budget shortfall, will take their best shot at solving some of the most pressing housing problems during this year’s legislative session, which …
Continue reading “Florida legislature to consider new real estate laws”