News about properties and real estate
Foreclosure mystery: Why can’t conservative Utahns afford their mortgage? During the housing bubble, they led the nation in bankruptcies. Now that the bubble is bust, they’re among the top states in foreclosures. A RealtyTrac report released Thursday showed they had the fifth-highest foreclosure rate among the states, with 1 in 231 homes receiving a foreclosure …
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How to Compete Against Foreclosures Want to know the big secret to selling a home quickly? Make it look pretty. Patrick McAllister and his wife Lisa Cox had an edge in that regard. Their 1917 Craftsman house was beautifully renovated with hardwood floors and bright, airy rooms. Carefully chosen artwork hangs on the walls. In …
Mortgage meltdown: Orlando-area minorities likelier to take credit hit in distress sales of homes [Central Florida] Distress sales now define Orlando’s still-slumping home market: Two-thirds of all resale closings in the metro area’s core market these days are either bank-owned foreclosures or lender-approved short sales. But the proportion of foreclosures to short sales varies drastically …
A Venice builder’s problems … and their ripples Florida Community Bank, the bank that had $21 million in loans to Venice home builder Jacques Cloutier, was closed by state and federal regulators on Friday. The Immokalee-based bank was taken over by Miami’s Premier American Bank, which is assuming all its $795.5 million in deposits. The …
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Home-loan aid altered Facing mounting criticism about the effectiveness of the government’s foreclosure prevention efforts, the Obama administration announced Thursday that it will tighten the documentation requirements for borrowers applying for its marquee mortgage relief program. Starting June 1, borrowers must prove they qualify for the mortgage help upfront, providing two pay stubs and other …
Despite names, condos operate the same We have never lived in association type housing, but recently moved into a large complex of condominiums and detached homes. We have been told that our association is a POA but we can find no reference to POAs in the Florida statutes, only to HOA (homeowners associations). What is …