News about properties and real estate
Move forward with caution on reverse mortgages I live in an adult community and would like to obtain a reverse mortgage. I have had a difficult time getting information on this type mortgage. Can you help? I’m not an expert on reverse mortgages, but I’ve received several similar questions, so I’ll give you the basics. …
Continue reading “Move forward with caution on reverse mortgages”
Homeowner associations block guests Melissa Solis said she understands that she can’t use her community pool or clubhouse because she’s late paying her homeowner-association fees. But it’s unfair, she said, that security guards at the gated entrance to her neighborhood prevent her friends, family, babysitter and even the delivery man from Winter Garden Pizza Co. …
Loan modifications: Waiting for Bank of America to offer another loan modification – South Florida Sun-Sentinel.com I first talked to Yvonne McBride-Acosta of Sunrise in October. Her situation was bad. Since then, it has gotten worse. Back then, I wrote about her here-it-is, there-it-goes loan modification. She had qualified for one in July 2009, but …
Around Tampa Bay, foreclosure means never having to leave [Central Florida] When his lender started to foreclose in 2003, Jeffrey DeMauro appealed for time to resolve his financial problems. “I sincerely want to work this situation out and get back on track and save my home,” DeMauro wrote to Pinellas County court officials. “I have …
Continue reading “Around Tampa Bay, foreclosure means never having to leave [Central Florida]”
Mortgage, tax bills ultimately come back to haunt walkaways While foreclosures and loan modifications have made it tough for overwhelmed banks to go after walkaway borrowers, there’s evidence they are starting to crack down. Lenders are hiring collection agencies. They also are getting deficiency judgments — court orders that allow banks to collect on mortgage …
Continue reading “Mortgage, tax bills ultimately come back to haunt walkaways”
Desperate condo, homeowner groups given new way to grab overdue fees Revenue-starved condominium and homeowners associations struggling to keep the taps running and the lawns mowed have found a novel way to squeeze money from units that don’t pay what they owe. It’s called a reverse foreclosure, a tool that can force banks to pay …
Continue reading “Desperate condo, homeowner groups given new way to grab overdue fees”